Momentus Grants Inducement Awards to 14 New Employees
Momentus Inc. (NASDAQ: MNTS) has awarded 704,444 restricted stock units (RSUs) worth approximately $1.79 million to 14 new employees as an inducement for their joining. This decision complies with NASDAQ Listing Rule 5635(c)(4) and was approved by the Compensation Committee. The RSUs will vest over four years, with 25% vesting annually. Momentus focuses on providing commercial in-space transportation and infrastructure services, including plans for its Vigoride vehicle launch in June 2022, contingent on obtaining necessary government licenses.
- Granted 704,444 RSUs valued at $1.79 million to attract new talent.
- Focus on innovative in-space infrastructure services.
- Dependent on obtaining government licenses for its operations.
- Development and deployment of technology may face delays.
In connection with the commencement of their employment, the employees received an aggregate 704,444 restricted stock units (RSUs) on
The RSUs have a four-year vesting schedule, with
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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
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.
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:the ability of the Company to obtain licenses and government approvals for its missions, which are essential to its operations; the ability of the Company to effectively market and sell satellite transport services and planned in-orbit services; the ability of the Company to protect its intellectual property and trade secrets; the development of markets for satellite transport and in-orbit services; the ability of the Company to develop, test and validate its technology, including its water plasma propulsion technology; delays or impediments that the Company may face in the development, manufacture and deployment of next generation satellite transport systems; the ability of the Company to convert backlog or inbound inquiries into revenue; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business, including export control license requirements; the ability to attract or maintain a qualified workforce with the required security clearances and requisite skills; level of product service or product or launch failures or delays that could lead customers to use competitors’ services; investigations, claims, disputes, enforcement actions, litigation and/or other regulatory or legal proceedings; the effects of the COVID-19 pandemic on the Company’s business; the Company’s ability to comply with the terms of its National Security Agreement and any related compliance measures instituted by the director who was approved by the CFIUS Monitoring Agencies (the “Security Director”); the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and/or other risks and uncertainties included under the “Risk Factors” in the Proxy Statement/Prospectus filed by the Company on
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