Stable Road Acquisition Corp - Ordinary Shares - Class A

NASDAQ:SRAC   3:59:12 PM EDT
10.23
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Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Momentus To Become Public Through Merger With Stable Road Acquisition Corp

Published: 10/07/2020 11:24 GMT
(SRAC) - Momentus to Become Public Through Merger With Stable Road Acquisition Corp.
Stable Road Acquisition Corp - Combined Company Will Have an Estimated Enterprise Value of Approximately $1.2 Billion.
Stable Road Acquisition Corp - Combined Co Will Become Listed on Nasdaq Under Ticker Symbol "mnts" Following Expected Transaction Close in Early 2021.
Stable Road Acquisition Corp - Pro Forma for Transaction, Momentus Will Have Approximately $310 Million in Cash on Balance Sheet.
Stable Road Acquisition Corp - Boards of Directors of Both Momentus and Stable Road Have Unanimously Approved Proposed Transaction.
Stable Road - Cash Proceeds for Deal Will Be Funded Through Co's Cash in Trust & $175.0 Million Fully Committed Common Stock Pipe at $10.00/share.
Stable Road Acquisition - Momentus' Existing Equity Security Holders Will Hold About 75% of Shares of Class A Common Stock Immediately Following Close.
Momentus to Become Public Through Merger With Stable Road Acquisition Corp.