CFIUS Approval Signals a Turning Point
Momentus Inc. MNTS witnessed an unprecedented surge in its shares today following the long-awaited green light from the Committee on Foreign Investment in the United States (CFIUS). This monumental approval marks a pivotal moment as the company announced the termination of its National Security Agreement (NSA).
Negotiating the NSA Termination
Momentus confirmed that it had successfully fulfilled all obligations under the National Security Agreement, as stipulated since its inception in July 2021. The notification from the U.S. Department of the Treasury signaling the termination of the NSA and Momentus’ liberation from this regulatory encumbrance.
An Industry Leader’s Perspective
Speaking on behalf of Momentus, CEO John Rood voiced his appreciation for the diligent efforts that culminated in the company’s triumphant exit from the National Security Agreement. Rood expressed gratitude for the U.S. Government’s recognition of Momentus’ unwavering commitment and accomplishments, resulting in the termination of this regulatory restriction. Emphatically, the CEO underscored the company’s renewed status, devoid of any lingering security apprehensions.
Market Response
The stock experienced an unprecedented surge in trading volume post-announcement. Notably, over 20.35 million shares exchanged hands during the session, a substantial increase compared to the stock’s 100-day average volume of less than 731,000 shares.
MNTS Price Action: Momentus shares closed up 42% at $1.02, reflecting the market’s enthusiastic response to the company’s significant milestone.
