Momentus SPAC Presentation Deck
DETAILED TRANSACTION OVERVIEW
($ IN MILLIONS)
Total Sources
SOURCES&USES
Existing Momentus Shareholders
SPAC Cash in Trust
PIPE Equity¹
Sources
Total Uses
Uses
Existing Momentus Shareholders
Cash to Balance Sheet
Cash to Existing Shareholders
Estimated Fees & Expenses
Amount
$1,130
173
175
$1,478
Amount
$1,130
283
30
35
$1,478
%
76%
12%
12%
100%
%
76%
19%
2%
2%
100%
PRO FORMA VALUATION
PF Shares Outstanding²
Share Price
PF Equity Value
(+) Assumed PF Net Cash³
PF Enterprise Value to Market
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PIPE (incl. Sponsor
Co-investment)
12%
PF OWNERSHIP SPLIT
SPAC Investors
11%
SPAC Sponsors
2%
Existing
Shareholders
75%
Amount
151.2
$10.00
$1,512
(312)
$1,200
Note: Assumes no redemptions from SPAC investors.
1. Includes $10M sponsor co-investment
2. Includes 113.0m Momentus rollover shares, 16.5m PIPE shares, 1.0m sponsor co-
investment shares, 3.4m SPAC sponsor shares (2.9m founder shares and 0.5m private
placement units) and 17.3m SPAC investors shares.
3. Estimated net cash on Momentus balance sheet at close of ~$29M, inclusive of options
exercise
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