– Board to include Chris Hadfield, Veteran
Astronaut and Former Commander of the International Space Station
–
Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW)
(“Stable Road”) and Momentus Inc. (“Momentus”), a commercial space
company offering in-space infrastructure services, today announced
that Chris Hadfield, David Siminoff, and Vince Deno will join the
Board of Directors of the combined company that will result from
the previously announced combination of Stable Road, a special
purpose acquisition company, and Momentus. The appointments are
contingent upon approval by Stable Road’s stockholders and the
expected completion of the pending business combination that would
result in Momentus becoming the first publicly listed space
infrastructure company.
“We are very excited about the prospect of welcoming Chris
Hadfield, David Siminoff, and Vince Deno to the Board of
Directors,” said Mikhail Kokorich, Founder and Chief Executive
Officer of Momentus. “Chris is among the most knowledgeable and
well-known figures in space exploration, a decorated astronaut with
a career that spans NASA, the Canadian Space Agency, and the
International Space Station. We know he will make an excellent
addition to our Board, and we look forward to benefiting from his
counsel and support. His enormous technical and practical
experience in space robotics, orbital stations and human operations
in space will be great assets as we position Momentus to offer
transfer and service vehicles as well as in-orbit logistics nodes
and propellant depots.”
Mr. Kokorich continued, “We are also extremely pleased with the
opportunity to welcome David Siminoff and Vince Deno to our Board
of Directors. David has a distinguished career as an entrepreneur,
investor, and board member with numerous high profile technology
companies, and we look forward to having his vast experience and
industry expertise on our side. Vince is a technology entrepreneur
and venture capitalist, and has extensive experience in the
aerospace and defense industry, including more than a decade at
Millennium Space Systems where he held various positions including
President, Chief Operating Officer and Chief Innovation Officer. We
view his experience with small satellite or ‘smallsat’ development
as highly relevant to Momentus’ mission and we look forward to
leveraging his extensive industry knowledge and counsel.”
Mr. Hadfield commented, “I am very pleased to join Momentus – I
believe the company will be a leader in enabling both public and
private space services in the coming years. Momentus will
capitalize on the unprecedented expansion in satellite launches and
space activity, enabling new technologies, and building and
operating vehicles that will drive demand and provide equitable
access to space. With unique water plasma propulsion technology,
Momentus is well-positioned to be a first mover in building out the
infrastructure required to make humanity a truly spacefaring
civilization.”
Chris Hadfield is a retired astronaut, engineer, and
Royal Canadian Air Force pilot, from which he retired as a Colonel.
Chris’s military career includes roles as a fighter pilot for North
American Aerospace Defense Command (NORAD), and a test pilot with
the U.S. Air Force and U.S. Navy. He has served on three space
flights, becoming the first Canadian to walk in space in 2001 and
serving as Commander of the International Space Station in 2013. In
his career as an astronaut, Mr. Hadfield has served in numerous
senior roles related to advanced research and technology
development and worked closely with Canadian, U.S., and Russian
space agencies. He received a BSc in Mechanical Engineering from
the Royal Military College in Kingston, Ontario, and an MSc in
Aviation Systems from the University of Tennessee.
David E. Siminoff currently runs Thompson Peak Capital,
his family office investment vehicle and sits on several charitable
boards, including the AstroPhysics Department at Princeton
University, and the Wyoming Wind Coalition. He served as Audit
Chair for Coupons.com/Quotient for several years before and then
after its successful public offering. For almost a decade, he
served as the Chief Creative Officer of Shmoop University Inc., an
educational technology website, which he founded in 2008. Mr.
Siminoff spent a decade from 1993 to 2003 as an analyst and
portfolio manager at Capital Group Companies, making early
investments in Yahoo!, AOL, Amazon, eBay, Netflix, and many other
formative media companies. He was named Best of the Buyside by
Institutional Investor. He later co-founded 4INFO, Inc., a leading
mobile search service. From 2003 to 2007, he served as Chairman,
President and Chief Executive Officer of Spark Networks SE, parent
company of Spark Networks USA, LLC, known as “JDate”, an online
dating company. Mr. Siminoff received both BA and MBA degrees from
Stanford University and a Master of Fine Arts from the University
of Southern California School of Cinematic Arts.
Vince Deno currently serves as the Chief Executive
Officer of Newton Mobility Inc., an automotive technology company,
which he founded, and Founder of International Whiskey, a bespoke
consulting firm for the spirit industry, and as a Mentor at
Techstars, a venture capital and private equity company.
Previously, Mr. Deno joined Millennium Space Systems, Inc. in 2006
prior to the company’s acquisition by The Boeing Company, and
served as a Director of Engineering and in various positions of
increasing responsibility, including President, Chief Operating
Officer and Chief Innovation Officer. Mr. Deno is a veteran of the
United States Air Force and holds a BS in Electrical Engineering
from the University of Cincinnati and a graduate degree in Space
Studies from the International Space University,
Illkirch-Graffenstaden, France, and is an MBA Candidate at the
University of California, Berkeley, Haas School of Business.
The other individuals who will comprise the post-combination
Board of Directors of the company, subject to approval by Stable
Road’s stockholders, include Mikhail Kokorich, Founder and Chief
Executive Officer of Momentus; Brian Kabot, Chairman and Chief
Executive Officer of Stable Road; and Dawn Harms, Chief Revenue
Officer of Momentus.
Forward Looking Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements about
the expected timing of the completion of this transaction,
information concerning Stable Road’s or Momentus’ possible or
assumed future results of operations, business strategies, the
expected development, capabilities and timing of the operation or
offering of Momentus’ transport vehicles and services, the expected
timing of Momentus’ first mission in December 2020, potential
revenue from customer contracts, debt levels, competitive position,
industry environment, potential growth opportunities and the
effects of regulation, including whether this transaction will
generate returns for stockholders. These forward-looking statements
are based on Stable Road’s or Momentus’ management’s current
expectations, estimates, projections and beliefs, as well as a
number of assumptions concerning future events. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Stable Road’s or Momentus’
management’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking
statements. These risks, uncertainties, assumptions and other
important factors include, but are not limited to: changes in
domestic and foreign business, market, financial, political and
legal conditions; the inability of the parties to successfully or
timely consummate the proposed business combination, including the
risk that any required regulatory approvals are not obtained, are
delayed or are subject to unanticipated conditions that could
adversely affect the combined company or the expected benefits of
the proposed business combination or that the approval of the
stockholders of Stable Road or Momentus is not obtained; failure to
realize the anticipated benefits of the proposed business
combination; risks relating to the uncertainty of the projected
financial information with respect to Momentus; risks related to
the ability of customers to cancel contracts for convenience; risks
related to the rollout of Momentus’ business and the timing of
expected business milestones; the effects of competition on
Momentus’ future business; level of product service or product or
launch failures that could lead customers to use competitors’
services; developments and changes in laws and regulations,
including increased regulation of the space transportation
industry; the impact of significant investigative, regulatory or
legal proceedings; the amount of redemption requests made by Stable
Road’s public stockholders; the ability of Stable Road or the
combined company to issue equity or equity-linked securities in
connection with the proposed business combination or in the future;
and other risks and uncertainties indicated from time to time in
the definitive proxy statement/consent solicitation
statement/prospectus relating to the proposed business combination,
including those under “Risk Factors” therein, and other documents
filed or to be filed with the SEC by Stable Road. You are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made.
Forward-looking statements included in this press release speak
only as of the date of this press release. Except as required by
law, neither Stable Road nor Momentus undertakes any obligation to
update or revise its forward-looking statements to reflect events
or circumstances after the date of this release. Additional risks
and uncertainties are identified and discussed in the Stable Road’s
reports filed with the SEC and available at the SEC’s website at
http://www.sec.gov.
Additional Information and Where to Find It
In connection with the proposed transaction contemplated by the
merger agreement (the “Proposed Transaction”), Stable Road has
filed with the SEC a registration statement on Form S-4 (the
“Registration Statement”) that includes a proxy statement of Stable
Road, a consent solicitation statement of Momentus and prospectus
of Stable Road, and each party will file other documents with the
SEC regarding the Proposed Transaction. A definitive proxy
statement/consent solicitation statement/prospectus and other
relevant documents will be sent to the stockholders of Stable Road
and Momentus, seeking any required stockholder approval, and is not
intended to provide the basis for any investment decision or any
other decision in respect of such matters. STABLE ROAD’S
STOCKHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN
AVAILABLE, THE REGISTRATION STATEMENT AND THE PROXY
STATEMENT/CONSENT SOLICITATION STATEMENT/PROSPECTUS WHICH FORMS A
PART OF THE REGISTRATION STATEMENT, AS WELL AS ANY AMENDMENTS
THERETO, AND THE EFFECTIVE REGISTRATION STATEMENT AND DEFINITIVE
PROXY STATEMENT/CONSENT SOLICITATION/PROSPECTUS IN CONNECTION WITH
STABLE ROAD’S SOLICITATION OF PROXIES FOR STABLE ROAD’S SPECIAL
MEETING OF STOCKHOLDERS TO APPROVE THE TRANSACTIONS CONTEMPLATED BY
THE MERGER AGREEMENT (THE “SPECIAL MEETING”), BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. When
available, the definitive proxy statement/consent solicitation
statement/prospectus will be mailed to Stable Road’s stockholders
as of a record date to be established for voting on the Proposed
Transaction and the other matters to be voted upon at the Special
Meeting. Stable Road’s stockholders will also be able to obtain
copies of the proxy statement/consent solicitation
statement/prospectus, and all other relevant documents filed or
that will be filed with the SEC in connection with the Proposed
Transaction, without charge, once available, at the SEC’s website
at http://www.sec.gov or by directing a request to: Stable Road
Capital LLC, James Norris, CPA, Chief Financial Officer, 1345 Abbot
Kinney Blvd., Venice, CA 90291; Tel: 310-956-4919;
james@stableroadcapital.com.
Participants in the Solicitation
Stable Road, Momentus and certain of their respective directors,
executive officers and other members of management and employees
may be deemed participants in the solicitation of proxies of Stable
Road’s stockholders in connection with the Proposed Transaction.
STABLE ROAD’S STOCKHOLDERS AND OTHER INTERESTED PERSONS MAY OBTAIN,
WITHOUT CHARGE, MORE DETAILED INFORMATION REGARDING THE DIRECTORS
AND OFFICERS OF STABLE ROAD IN ITS ANNUAL REPORT ON FORM 10-K FOR
THE FISCAL YEAR ENDED DECEMBER 31, 2019, WHICH WAS FILED WITH THE
SEC ON MARCH 26, 2020. INFORMATION REGARDING THE PERSONS WHO MAY,
UNDER SEC RULES, BE DEEMED PARTICIPANTS IN THE SOLICITATION OF
PROXIES TO STABLE ROAD’S STOCKHOLDERS IN CONNECTION WITH THE
PROPOSED TRANSACTION AND OTHER MATTERS TO BE VOTED AT THE SPECIAL
MEETING WILL BE SET FORTH IN THE REGISTRATION STATEMENT FOR THE
PROPOSED TRANSACTION WHEN AVAILABLE. Additional information
regarding the interests of participants in the solicitation of
proxies in connection with the Proposed Transaction is included in
the Registration Statement that Stable Road has filed with the
SEC.
No Offer or Solicitation
This press release is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the Proposed Transaction
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
About Momentus
As a first mover in building in-space infrastructure services,
Momentus is at the forefront of the commercialization of space.
With an experienced team of aerospace, propulsion, and robotics
engineers, Momentus has developed a cost-effective and energy
efficient in-space transport system based on water plasma
propulsion technology. Momentus has in-place service agreements
with private satellite companies, government agencies, and research
organizations, and its first Vigoride™ transport and service
vehicle launch is scheduled for December 2020.
About Stable Road
Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACW, SRACU) is a
special purpose acquisition company formed by SRC-NI Holdings, LLC,
an affiliate of Stable Road Capital, for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201102005451/en/
For investor inquiries please contact: Tom Cook
investors@momentus.space
For media inquiries please contact: Phil Denning
press@momentus.space
Stable Road Acquisition (NASDAQ:SRACW)
過去 株価チャート
から 9 2024 まで 10 2024
Stable Road Acquisition (NASDAQ:SRACW)
過去 株価チャート
から 10 2023 まで 10 2024