<a href="https://laohu8.com/S/MNTS">Momentus Inc.</a> Extends Convertible Note Maturities with Space Infrastructures Ventures, LLC, Adjusting Repayment Schedule
Momentus Inc. has recently entered into a Note Amendment Agreement with Space Infrastructures Ventures, LLC (SIV) to amend and restate two outstanding secured convertible note agreements. The key amendments include extending the maturity date of the October 2024 Convertible Note from October 24, 2025, to March 1, 2026, and structuring the repayment of the $2.7 million outstanding principal into two tranches. The first tranche of $1.0 million is due on December 1, 2025, with the remaining $1.7 million, plus unpaid accrued interest, due at maturity. Additionally, the maturity date for the July 2024 Convertible Note has been extended to December 1, 2025, for the remaining principal amount of $300,196.32, plus unpaid accrued interest. The amendments maintain the original terms of the Convertible Notes, with the detailed agreements filed as exhibits in the company's latest Form 8-K filing.
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