Momentus Postpones Shareholder Meeting After Low Turnout

Momentus Inc. has pushed back a scheduled special meeting of its shareholders after the November session failed to attract enough investor participation to proceed. The company initially opened the meeting on November 24, but the number of shares represented either virtually or through submitted proxies fell short of the threshold required to conduct official business. As a result, the gathering was halted and rescheduled for mid-December.

The updated meeting is set to take place on December 15 at the same online venue, allowing eligible shareholders additional time to consider the proposals up for discussion. Those who held shares as of the late-October record date remain entitled to participate. The company noted that the extended timeline is intended both to support shareholders who have not yet cast votes and to assist its proxy solicitation firm in reaching remaining investors.

According to the company’s procedures, proxies submitted before the original session will remain valid when the meeting reconvenes. Investors may modify or revoke those submissions if they choose, provided they do so before voting takes place in December. The upcoming session will follow the same participation and voting process outlined in previously issued proxy materials.

The postponement highlights a frequent challenge companies face when calling special meetings outside the annual cycle. These gatherings typically address focused corporate topics, which can sometimes lead to lower shareholder engagement. Ensuring a quorum is essential for such meetings to move forward, and Momentus’s decision to extend the timeline reflects the importance of securing broader participation before advancing any proposals.

By providing more time for shareholders to review materials and submit votes, the company aims to avoid procedural delays and maintain momentum on the matters it intends to bring before investors. The rescheduled meeting represents an opportunity for the company to gather the necessary level of involvement and proceed with the business initially planned for November.