Momentus Announces Proposed Settlement of Stockholder Derivative Action
Momentus Inc. (NASDAQ: MNTS) has announced a proposed settlement for a stockholder derivative action. The U.S. District Court for the Northern District of California has issued a preliminary order approving the settlement and providing notice to stockholders. The settlement involves multiple cases, including Hanna v. Kabot, et al. and others.
The proposed settlement requires Momentus to adopt corporate governance reforms and pay lead plaintiffs' attorney's fees, expenses, and service awards. A final approval hearing is scheduled for November 21, 2024. The company has posted relevant materials, including the Stipulation of Settlement and notices, on its investor relations website.
Momentus is a U.S. commercial space company offering satellite buses, transportation, and in-space infrastructure services.
Momentus Inc. (NASDAQ: MNTS) ha annunciato un accordo proposto per un'azione derivate da azionisti. Il Tribunale Distrettuale degli Stati Uniti per il Distretto Settentrionale della California ha emesso un'ordinanza preliminare che approva l'accordo e fornisce notifica agli azionisti. L'accordo riguarda più casi, inclusi Hanna v. Kabot, et al. e altri.
L'accordo proposto richiede a Momentus di adottare riforme di governance aziendale e di pagare le spese legali, le spese e i premi di servizio degli attori principali. Un'udienza per l'approvazione finale è programmata per il 21 novembre 2024. L'azienda ha pubblicato materiali rilevanti, inclusi il Contratto di Transazione e le notifiche, sul suo sito web per le relazioni con gli investitori.
Momentus è un'azienda statunitense di spazio commerciale che offre autobus per satelliti, trasporti e servizi di infrastruttura nello spazio.
Momentus Inc. (NASDAQ: MNTS) ha anunciado un acuerdo propuesto para una acción derivada de accionistas. El Tribunal de Distrito de EE. UU. para el Distrito Norte de California ha emitido una orden preliminar aprobando el acuerdo y notificando a los accionistas. El acuerdo involucra varios casos, incluido Hanna v. Kabot, et al. y otros.
El acuerdo propuesto requiere que Momentus adopte reformas de gobernanza corporativa y pague los honorarios de los abogados de los demandantes principales, los gastos y los premios por servicio. Se ha programado una audiencia de aprobación final para el 21 de noviembre de 2024. La compañía ha publicado materiales relevantes, incluyendo la Estipulación de Acuerdo y notificaciones, en su sitio web de relaciones con inversores.
Momentus es una empresa espacial comercial estadounidense que ofrece autobuses satelitales, transporte y servicios de infraestructura en el espacio.
Momentus Inc. (NASDAQ: MNTS)는 주주 파생 소송에 대한 제안된 합의를 발표했습니다. 미국 샌프란시스코 북부 지방 법원은 합의를 승인하고 주주들에게 통지를 제공하는 예비 명령을 내렸습니다. 이 합의는 Hanna v. Kabot, et al.를 포함한 여러 사건을 포함합니다.
제안된 합의는 Momentus가 기업 거버넌스 개혁을 채택할 것과 원고의 변호사 수임료, 경비 및 서비스 보상을 지불할 것을 요구합니다. 최종 승인 청문회는 2024년 11월 21일로 예정되어 있습니다. 이 회사는 투자자 관계 웹사이트에 합의의 조항 및 통지 등의 관련 자료를 게시했습니다.
Momentus는 위성 버스, 운송 및 우주 인프라 서비스를 제공하는 미국 상업 우주 기업입니다.
Momentus Inc. (NASDAQ: MNTS) a annoncé un règlement proposé concernant une action dérivée d'actionnaires. Le tribunal de district des États-Unis pour le district nord de Californie a émis une ordonnance préliminaire approuvant le règlement et fournissant une notification aux actionnaires. Le règlement concerne plusieurs affaires, y compris Hanna v. Kabot, et al. et d'autres.
Le règlement proposé exige que Momentus adopte des réformes de gouvernance d'entreprise et paie les frais d'avocat, les dépenses et les récompenses de service des plaignants principaux. Une audience pour l'approbation finale est prévue pour le 21 novembre 2024. L'entreprise a publié des documents pertinents, y compris la stipulation de règlement et des avis, sur son site web de relations avec les investisseurs.
Momentus est une entreprise spatiale commerciale américaine qui propose des bus pour satellites, des services de transport et d'infrastructure dans l'espace.
Momentus Inc. (NASDAQ: MNTS) hat eine vorgeschlagene Einigung für eine Aktionärsderivatklage bekannt gegeben. Das US-Bezirksgericht für den nördlichen Bezirk Kalifornien hat eine vorläufige Anordnung erlassen, die die Einigung genehmigt und den Aktionären eine Mitteilung zukommen lässt. Die Einigung betrifft mehrere Fälle, einschließlich Hanna v. Kabot, et al. und weitere.
Die vorgeschlagene Einigung erfordert von Momentus, Unternehmensführungsreformen einzuführen und die Anwaltsgebühren, Auslagen und Dienstvergütungen der Hauptkläger zu zahlen. Eine endgültige Genehmigungsanhörung ist für den 21. November 2024 angesetzt. Das Unternehmen hat relevante Materialien, einschließlich der Einigungsvereinbarung und Mitteilungen, auf seiner Website für Investorenbeziehungen veröffentlicht.
Momentus ist ein US-amerikanisches Unternehmen im Bereich kommerzielle Raumfahrt, das Satellitenbusse, Transport und Infrastrukturdienste im Weltraum anbietet.
- Potential resolution of multiple legal disputes through a proposed settlement
- Implementation of corporate governance reforms as part of the settlement
- Financial impact of paying lead plaintiffs' attorney's fees, litigation expenses, and service awards
- Ongoing legal proceedings until final approval in November 2024
The order set a final approval hearing for Thursday, November 21, 2024, at 9:00 a.m. As required by the order, the following materials have been posted to the Investor Relations section of the Company’s website (https://investors.momentus.space/): the meeting information for the final approval hearing, the Stipulation of Settlement, a Summary Notice of Pendency Proposed Settlement of Derivative Matters, and a Notice of Pendency and Proposed Settlement of Derivative Matters.
About Momentus Inc.
Momentus is a
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as amended by that certain Annual Report on Form 10-K/A filed by the Company on September 16, 2024, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926978846/en/
Investors: investors@momentus.space
Media: press@momentus.space
Source: Momentus Inc.
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