University of Wyoming-backed Momentus is set to merge with SPAC Stable Road Acquisition in a deal that values the space infrastructure company at $1.2bn.
Momentus, a US-based space infrastructure company backed by University of Wyoming Foundation, is set to undertake a reverse merger with Nasdaq-listed special purpose acquisition company Stable Road Acquisition.
The business is expected to be valued at approximately $1.2bn and will trade under the ticker symbol MNTS. The transaction remains subject to customary closing conditions and is expected to conclude in early 2021.
The deal includes a $175m private investment in public equity, with common stock priced at $10,…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
