The SEC has received a green light to proceed on claims that Mikhail Kokorich, the CEO of Momentus Inc., committed securities fraud in advance of the satellite company’s merger with a blank-check company.
The merger allowed Momentus to go public with an offering that proved disastrous for investors. The Securities and Exchange Commission’s suit in the US District Court for the District of Columbia is among several targeting public statements and filings by Momentus and Kokorich in the lead-up to its combination with the special purpose acquisition company.
A derivative suit was filed on behalf of Momentus Jan. 25, and ...
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