Jaguar8 commented on a stock · Dec 16 21:25

8K

On December 13, 2024, Momentus Inc. (“Momentus” or the “Company”) entered into a Loan Agreement (the “Loan Agreement”) with J.J. Astor & Co. (the “Lender”) pursuant to which Momentus borrowed $2.0 million. The Loan Agreement has a maturity date of September 19, 2025, and is payable in 40 weekly installments of $67,500. The loan may be prepaid at any time on or before January 13, 2025 for $2.4 million and at any time thereafter through the Maturity Date for $2.7 million, subject in each case to reduction for the amount repaid in weekly installments. Amounts borrowed under the Loan Agreement are secured by a lien on substantially all of the assets of the Company.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

4813 Views

Comment

Jaguar8

Spread kindness and love. Life is short. Don’t let greed eat you.

4804Followers

73Following

52KVisitors