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momentus faces imminent nasdaq delisting amid financial struggles and low stock price

Momentus is at risk of being delisted from Nasdaq due to its low share price, closing at $0.44, and failure to meet stockholder equity requirements. The company plans to appeal the decision and may implement a reverse stock split to regain compliance. Financial struggles have led to mission delays and layoffs, while recent contracts with DARPA and NASA offer some hope for future growth.
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United States Dollar Momentus Inc. SpaceX Elon Musk John Rood
Finance & Economy, Market Report
12:19 01.10.2024
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