Stable Road Acquisition Corp - Ordinary Shares - Class A

NASDAQ:SRAC   9:56:12 AM EDT
10.06
+0.01 (+0.10%)
Divestitures / Spin-offs, Other Pre-Announcement, Mergers / Acquisitions

Stable Road Acquisition Corp And Momentus Revise Merger Agreement And Financial Outlook

Published: 06/30/2021 11:26 GMT
Stable Road Acquisition Corp - Ordinary Shares - Class A (SRAC) - Stable Road Acquisition Corp and Momentus Revise Merger Agreement and Financial Outlook.
Stable Road Acquisition Corp - Stable Road Stockholders to Also Benefit From Accretion From Divestment of Momentus Co-founders' Shares.
Stable Road Acquisition - Complete Divestment of Momentus Shares Held by Co-founders & Related Entities on June 8.
Stable Road Acquisition - Revised Pre-transaction Enterprise Value of Private Company Momentus of $567 Million Versus $1.131 Billion Under Original Agreement.
Stable Road Acquisition - Increase in Expected Stock Ownership by Srac Stockholders and Pipe Investors in Combined Company to About 45% From About 28%.
Stable Road Acquisition Corp - Increase in Expected Stock Ownership in Combined Company by Current Momentus Stockholders to About 55% From About 46%.