As filed with the Securities and Exchange Commission on May 19, 2023.
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MOMENTUS INC.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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3714
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84-1905538
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(State or Other Jurisdiction of Incorporation or Organization)
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(Primary Standard Industrial Classification Code Number)
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(I.R.S. Employer Identification Number)
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3901 N. First Street
San Jose, CA 95134
(650) 564-7820
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal
Executive Offices)
Momentus Inc. 2022 Inducement Equity Plan
(Full Title of the Plans)
John C. Rood
Chief Executive Officer
3901 N. First Street
San Jose, CA 95134
Telephone: (650) 564-7820
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
Copies to:
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Stephen C. Hinton, Esq.
Bradley Arant Boult Cummings LLP
1600 Division Street, Suite 700
Nashville, Tennessee 37203
Telephone: (615) 244-2582
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Paul Ney
Chief Legal Officer
3901 N. First Street
San Jose, CA 95134
Telephone: (650) 564-7820
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Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large
accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer
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☐
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Accelerated filer
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☐ |
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Non-accelerated filer
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☒
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Smaller reporting company
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☒
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Emerging growth company
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☒
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by Momentus Inc. (the “Company”) to register 1,000,000 additional shares of the Company’s Class A Common Stock, par value
$0.00001 per share (“Common Stock”), reserved for issuance under the Company’s 2022 Inducement Equity Plan (the “2022 Plan”).
Pursuant to General Instruction E regarding Registration of Additional Securities, the contents of the Registration Statements on Form S-8 filed with the Securities and Exchange Commission (the “Commission”) on March 23, 2023 (Registration No. 333-270761) and March 14, 2022 (Registration No. 333-263525) are incorporated by reference herein except as otherwise updated or modified by this filing. All
exhibits required by General Instruction E to Form S-8 are filed as exhibits hereto.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
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Item 3.
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Incorporation of Documents by Reference
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The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission (other than information in a
report on Form 8-K that is furnished and not filed pursuant to Form 8-K and, except as may be noted in any such Form 8-K, exhibits filed on such form that are related to such information):
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The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Annual
Report”), filed with the Commission on March 8, 2023;
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All other reports filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than the
reports, or portions thereof, deemed to have been furnished and not filed with the Commission) since the end of the fiscal year covered by the Annual Report referred to in (i) above; and
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| (iii) |
the description of the Registrant’s Common Stock contained in its Registration Statement on Form 8-A, as filed with the SEC on
November 6, 2019, as amended by the description of the Registrant's common stock contained in Exhibit 4.3 to the Annual Report filed with the Commission on March 8, 2022, and including any further amendment or report filed for the purpose
of updating such description.
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All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from
the date of filing of such documents; provided, however, that documents or information deemed to have been furnished, and exhibits furnished in connection with such items, and not filed in accordance with the rules of the Commission shall not be
deemed incorporated by reference into this Registration Statement.
3
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Item 8.
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Exhibits
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Incorporated by Reference
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Exhibit
Number
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Exhibit Title
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Form
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File No.
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Exhibit
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Date
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Filed
Herewith
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Opinion of Bradley Arant Boult Cummings LLP as to the validity of the securities being registered.
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X
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Consent of Armanino LLP, independent registered public accounting firm.
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X
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Consent of Bradley Arant Boult Cummings LLP (included in Exhibit 5.1).
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X
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Power of Attorney (filed as part of signature page hereto).
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X
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Momentus Inc. 2022 Inducement Equity Plan.
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S-8
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333-263535
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99.1
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March 14, 2022
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First Amendment to Momentus Inc. 2022 Inducement Equity Plan.
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S-8
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333-270761
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99.2
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March 23, 2023
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Second Amendment to Momentus Inc. 2022 Inducement Equity Plan.
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X
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Filing Fee Table.
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X
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4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Jose, State of California, on May 19, 2023.
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Momentus Inc.
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Date: May 19, 2023
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By:
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/s/ John C. Rood
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Name:
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John C. Rood
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Title:
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Chief Executive Officer and Chairperson of the Board of Directors
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KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of Momentus Inc., a Delaware corporation, do hereby constitute and appoint John C. Rood and Eric
Williams, and each of them, the lawful attorneys-in-fact and agents with full power and authority to do any and all acts and things and to execute any and all instruments which said attorneys and agents, and any one of them, determine may be
necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements of the Securities and Exchange Commission in connection with this Registration
Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign the names of the undersigned officers and directors in the capacities indicated below to this Registration
Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction with this Registration Statement or
amendments or supplements thereof, and each of the undersigned hereby ratifies and confirms that all said attorneys and agents, or any one of them, shall do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
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Signature
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Title
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Date
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/s/ John C. Rood
John C. Rood
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Chief Executive Officer and Chairman of the Board of Directors
(Principal Executive Officer)
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May 19, 2023
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/s/ Eric Williams
Eric Williams
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Chief Financial Officer
(Principal Financial and Accounting Officer)
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May 19, 2023
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/s/ Chris Hadfield
Chris Hadfield
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Director
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May 19, 2023
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/s/ Brian Kabot
Brian Kabot
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Director
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May 19, 2023
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/s/ Mitchel Kugler
Mitchel Kugler
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Director
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May 19, 2023
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/s/ Victorino Mercado
Victorino Mercado
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Director
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May 19, 2023
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/s/ Kimberly A. Reed
Kimberly A. Reed
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Director
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May 19, 2023
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/s/ Linda J. Reiners
Linda J. Reiners
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Director
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May 19, 2023
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5
Exhibit 5.1
May 19, 2023
Momentus Inc.
3901 North First Street
San Jose, California 95134
Ladies and Gentlemen:
We have acted as special counsel to Momentus Inc., a Delaware corporation (the “Company”), in connection with the proposed issuance by the Company of up
to 1,000,000 shares (the “Shares”) of the Company’s Class A common stock, par value $0.00001 per share (“Common Stock”),
pursuant to the Momentus Inc. 2022 Inducement Equity Plan (the “2022 Inducement Plan”). The Shares are included in the Company’s Registration Statement on Form S-8 (the “Registration Statement”), filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) under the provisions
of the Securities Act of 1933, as amended (the “Securities Act”), on the date hereof. This opinion is being delivered to you in accordance with the requirements of Item 601(b)(5) of
Regulation S-K under the Securities Act.
In connection with rendering the opinion set forth in this opinion letter, we have reviewed the Registration Statement, the 2022 Inducement Plan and the originals, or photostatic or certified copies, of such
records of the Company and certificates of officers of the Company, certificates of public officials and such other documents as we have deemed relevant and necessary as a basis for the opinion expressed herein.
In our examination, we have assumed the genuineness of all signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to all
original documents of all documents submitted to us as copies and the accuracy and completeness of all information provided to us by the Company.
We have also assumed, without independent investigation, that at the time of the issuance of the Shares: (i) all of the terms and conditions for such issuance set forth in the 2022 Inducement Plan and any related
agreements will have been fully satisfied, waived or discharged; (ii) each award agreement setting forth the terms of each award granted pursuant to the 2022 Inducement Plan will be consistent with the 2022 Inducement Plan and will have been duly
authorized and validly executed and delivered by the parties thereto; (iii) a sufficient number of shares of Common Stock will remain available for issuance; and (iv) the legal consideration payable in connection with the issuance of the Shares
pursuant to the 2022 Inducement Plan will not be less than the par value of the Common Stock and will be otherwise proper and sufficient.
Based upon the foregoing and the other matters stated herein, we are of the opinion that, when issued and delivered in accordance with the terms set forth in the 2022 Inducement Plan and against payment of the
consideration therefor, the issuance of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable.
We render no opinion herein as to matters involving the laws of any jurisdiction other than the General Corporation Law of the State of Delaware, as amended (the “DGCL”), and the United States of America. This opinion is limited to the current DGCL and the current federal laws of the United States, and to the facts as they exist on the date hereof. We assume no obligation to revise or
supplement our opinion should the present laws, or the interpretations thereof, be changed in respect of any circumstances or events that occur subsequent to the date hereof. This opinion letter is limited to the opinion expressly stated herein,
and no other opinions are to be inferred or implied.
Bradley Arant Boult Cummings LLP | One Federal Place | 1819 Fifth Avenue North | Birmingham, AL 35203-2119 | 205.521.8000 |
bradley.com
We hereby consent to the filing of this opinion with the SEC as an Exhibit to the above-referenced Registration Statement. In giving this consent, we do not hereby admit that we are within the category of persons
whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC promulgated thereunder.
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Very truly yours,
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/s/ Bradley Arant Boult Cummings LLP
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Exhibit 23.1
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Armanino LLP
12657 Alcosta Boulevard
Suite 500
San Ramon, CA 94583-4600
925 790 2600 main
925 790 2601 fax
armaninoLLP.com
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CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 7, 2023,
pertaining to the registration of additional shares of Class A common stock under the Momentus Inc. 2022 Inducement Equity Plan, relating to the consolidated balance sheets of Momentus Inc. as of December 31, 2022 and December 31, 2021, and the
consolidated statement of operations, stockholders’ equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2022, and the related notes to the consolidated financial statements which appears in Momentus
Inc.’s Annual Audit Report for the years ended December 31, 2022 and December 31, 2021.
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ArmaninoLLP
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San Ramon, California
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May 19, 2023
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Exhibit 99.3
SECOND AMENDMENT
TO THE
MOMENTUS INC.
2022 INDUCEMENT EQUITY PLAN
THIS SECOND AMENDMENT TO THE MOMENTUS INC. 2022 INDUCEMENT EQUITY PLAN
(this “Second Amendment”) is effective as of May 8, 2023. Capitalized terms used and not defined herein shall have the meanings ascribed to them in the Plan (as defined below), and all
section references shall refer to the Plan.
WHEREAS, Momentus Inc., a Delaware corporation (the “Company”), currently provides equity-based awards to individuals not previously Employees or Non-Employee Directors as an inducement material to such individual’s entry into employment with
the Company in accordance with Nasdaq Marketplace Rule 5635(c)(4) and the related guidance under Nasdaq IM 5635-1 under its 2022 Inducement Equity Plan, as amended by that certain First Amendment, effective as of March 22, 2023 (as amended, the “Plan”);
WHEREAS, the Plan to date reserves an aggregate of 7,000,000 shares of
Common Stock for issuance in connection with awards granted thereunder;
WHEREAS, the Company desires to amend the Plan as set forth in this
Second Amendment to increase the number of shares of Common Stock reserved for issuance under the Plan by 1,000,000 shares; and
WHEREAS, the Board has determined that it is in the best interests of
the Company to amend the Plan as set forth in this Second Amendment.
NOW, THEREFORE, the Plan shall be amended effective as of the date
hereof as follows:
1. Section 3(a) of the Plan is deleted in its entirety and replaced with the following:
“(a) Stock Subject to the Plan. Subject to the provisions of Sections 3(b) and 15 of the Plan, the maximum aggregate number of
Shares that may be issued under the Plan is eight million (8,000,000) Shares. The Shares may be authorized, but unissued, or reacquired Common Stock.”
2. Except as modified herein, all other terms and conditions of the Plan shall remain in full force and effect. In the event of a conflict
between this Second Amendment and the Plan, this Second Amendment shall control.
[Signature Page Follows]
IN WITNESS WHEREOF, the undersigned have executed this Second Amendment to the Plan, to
be effective as of the date first written above.
| MOMENTUS INC. | ||
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By:
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/s/ Paul Ney | |
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Name: Paul Ney
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Title: Chief Legal Officer and Corporate Secretary
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[Signature Page to Second Amendment to 2022 Inducement Equity Plan]
Exhibit 107.1
Calculation of Filing Fee Tables
Form S-8
(Form Type)
Momentus Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1 – Newly Registered Securities
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Security Type
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Security
Class
Title
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Fee
Calculation
Rule
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Amount
Registered (1)
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Proposed
Maximum
Offering
Price Per
Unit
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Maximum
Aggregate
Offering
Price
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Fee
Rate
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Amount of
Registration Fee
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Equity
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Class A common stock, $0.00001 par
value per share
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Rule 457(c)
and Rule 457(h)
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1,000,000(2)
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$0.35(3)
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$350,000
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$110.20
per
$1,000,000
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$38.57
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Total Fee Offsets(4)
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—
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Net Fee Due
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$38.57
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| (1) |
Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s Class A common stock, par value $0.00001 per share (“Common
Stock”), that become issuable under the Registrant’s 2022 Inducement Equity Plan (the “2022 Inducement Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt
of consideration that increases the number of outstanding shares of Common Stock.
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| (2) |
Consists of 1,000,000 shares of Common Stock that were added to the shares authorized for issuance under the 2022 Inducement Plan pursuant to its terms.
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| (3) |
Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of $0.35 per share, which is the average of the high and low prices of Common Stock on May 16,
2023, as reported on the Nasdaq Global Select Market.
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| (4) |
The Registrant does not have any fee offsets.
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