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,…
