Stable Road today filed an updated investor presentation on its proposed merger with Monentus.
Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust, assuming no shareholder redemptions, and $175 million from a fully committed common stock PIPE at $10 per share.
The SPAC today also filed an amended prospectus on the proposed business combination.
If Stable Road shareholders approve the merger, Momentus would become the first publicly listed space infrastructure company. Read more.
