VENICE, Calif. (Stable Road Acquisition Corp. PR) — Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (“Stable Road”) announced today that stockholders of Stable Road approved the proposed business combination with Momentus Inc. (“Momentus”), a U.S. commercial space company that plans to offer in-space infrastructure services, at the special meeting of stockholders (the “Special Meeting”) held on August 11, 2021.

The combined company will retain the Momentus name and its securities are expected to begin trading on the NASDAQ Global Select Market under the new symbol “MNTS” for Momentus stock and “MNTSW” for Momentus warrants on August 13, 2021, following the close of the business combination, which is expected to take place on August 12, 2021.

Over 97% of the votes cast at the meeting voted to approve the business combination. Holders of approximately 55% percent of Stable Road’s issued and outstanding shares cast votes at the Special Meeting.

WASHINGTON, D.C., July 13, 2021 (SEC PR) — The Securities and Exchange Commission today announced charges against special purpose acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, its CEO Brian Kabot, the SPAC’s proposed merger target Momentus Inc., and Momentus’s founder and former CEO Mikhail Kokorich for misleading claims about Momentus’s technology and about national security risks associated with Kokorich. The SEC’s litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia. All other parties are settling with the SEC, with terms including total penalties of more than $8 million, tailored investor protection undertakings, and the SPAC sponsor’s forfeiture of founder’s shares it stands to receive if the merger, currently scheduled for August 2021, is approved.

SANTA CLARA, Calif. (Stable Road Acquisition Co. PR) — Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (“Stable Road” or the “Company”) announced today that at the special meeting of stockholders (the “Special Meeting”) held on May 13, 2021, the Company’s stockholders approved a proposal to extend the deadline by which the Company has to consummate the proposed business combination with Momentus Inc. (“Momentus”) from May 13, 2021 to August 13, 2021 (the “Extension Amendment Proposal”).

Brian Kabot, Chairman and Chief Executive Officer of Stable Road, commented on the results of the meeting, “We are very pleased by the overwhelming support for the Extension Amendment Proposal exhibited by our stockholders, with approximately 66.2% of all outstanding shares, and approximately 98.6% of shares that voted on the proposal, being cast in favor of the proposal. We appreciate our stockholders’ strong engagement and look forward to advancing the proposed business combination with Momentus.”

by Douglas Messier
Managing Editor

Over at Fast Company, William D. Cohan says professional investors and financial analysts have a low opinion of the special purpose acquisition companies (SPACs), which are being used by Virgin Galactic and six other space companies to go public. (SPACs are an inside joke on Wall Street, and the joke is on you)

SPACs are investment vehicles that are already publicly traded on the stock exchange. Their goal is to acquire or merge with other companies, which then go public under their own names.

by Douglas Messier
Managing Editor

During the SmallSat Symposium last week, Richard Branson was asked why Virgin Galactic had gone public using a special purpose acquisition company (SPAC).

“I’m impatient. The SPAC gets through all of the rigmarole of public companies. Yes, I thought, that’s great, let’s do it,” he replied.

Branson was half right. A SPAC makes it a lot easier for a company to go public. But, impatience was probably not the main reason Virgin Galactic went SPAC.

SANTA CLARA, Calif. (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Qosmosys, a new space venture founded in Singapore last year, announced today a service agreement to deliver two cubesats to low lunar orbit as early as 2024 via Momentus’ inaugural lunar mission.

The new contract builds and expands on the agreement announced in January 2021 for delivery of up to four cubesats in low Earth orbit by Momentus’ Vigoride service vehicle, starting in 2022. Qosmosys will expand its novel business ideas to the Moon using a specific bus named Zeus-MS, a version of its Zeus platform it has been developing in cooperation with NuSpace from Singapore, and made specific for lunar missions. Zeus-MS is the precursor to a series of multi-mission platforms that will allow organizations and businesses to host their payloads, and will offer individuals a bespoke, unprecedented line of services to the Moon on regularly scheduled flights.

SANTA CLARA, Calif., January 25, 2021 (Momentus PR)–Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, today announced its Board of Directors has appointed Dawn Harms, the Company’s Chief Revenue Officer, as a director and interim CEO effective immediately, following the resignation of director and founding CEO Mikhail Kokorich.

Momentus, in consultation with the Company’s announced SPAC partner, Stable Road Acquisition Corp. (“Stable Road”), has determined that accepting Mr. Kokorich’s resignation is in the best interest of the Company, in an effort to expedite the resolution of U.S. government national security and foreign ownership concerns surrounding the Company, the existence of which the Company recently has confirmed.

SANTA CLARA, Calif., January 21, 2021 (Momentus PR) – Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Qosmosys, a new venture founded in Singapore last year, today announced a service agreement for two 3UXL protoflight cubesats in 2022, followed by two options in 2023.

“Momentus has exported the spirit of Silicon Valley to Singapore, bringing some fresh perspectives to launch services. Our Qosmosys missions demand a purposeful use of orbits, therefore, with Momentus, we clearly take significant benefits with their injection precision,” said Francois Dubrulle, founder of Qosmosys. “Moreover, Momentus offers an effective solution for Qosmosys for assured access to space, flying on a regular schedule with SpaceX, and adding extra flexibility and customization to our myriad of spacecraft to be launched.”

JACKSONVILLE, Fla., January 14, 2021 (Redwire PR) – Redwire, a new leader in mission critical space solutions and high reliability components for the next generation space economy, has been selected by Momentus, a commercial space company offering in-space infrastructure services, to develop robotics systems for their next generation Vigoride in-space transportation vehicle. The multi-phase contract will include a system architecture study and delivery of a flight-qualified robotics system that will operate on a flight demonstration in 2022. The agreement builds on the Memorandum of Understanding between Redwire and Momentus that was announced in September 2020.

SANTA CLARA, Calif., January 07, 2021 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space infrastructure services, and Orbit NTNU (https://www.orbitntnu.com/), a non-profit student organization stationed at the Norwegian University of Science and Technology in Trondheim designing and building cubesats, today announced a service agreement for the 2U cubesat: SelfieSat.