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Momentus ( (MNTS) ) just unveiled an announcement.
Momentus Inc. announced amendments to its loan agreement with J.J. Astor & Co., which initially allowed borrowing up to $1.5 million. The amendment, dated June 17, 2025, revises conditions for funding the second tranche, introduces a convertible note and warrant, and includes provisions for a cash ‘make-whole’ payment. Additionally, a convertible promissory note issued to A.G.P./Alliance Global Partners will be replaced with a new note upon a primary offering, impacting the company’s financial strategy and obligations.
Spark’s Take on MNTS Stock
According to Spark, TipRanks’ AI Analyst, MNTS is a Neutral.
Momentus faces considerable financial and technical challenges, with persistent operating losses and negative cash flows indicating financial instability. Technical indicators point to a bearish trend, despite being oversold. Valuation metrics are weak due to negative earnings. However, a strategic partnership with Velo3D offers a potential path for improvement.
To see Spark’s full report on MNTS stock, click here.
More about Momentus
Average Trading Volume: 264,608
Technical Sentiment Signal: Sell
Current Market Cap: $7.59M
For an in-depth examination of MNTS stock, go to TipRanks’ Overview page.