- Stable Road and Momentus to Participate in IPO Edge Webinar
tomorrow, April 28, 2021 at 1:00pm ET.
- Every stockholder vote is important and preliminary early
voting results reflect overwhelming support for the extension
amendment proposal.
- Stockholders as of March 22, 2021 who have not yet voted are
strongly encouraged to vote as soon as possible.
- All votes must be submitted prior to May 6, 2021; the
electronic voting cutoff is at 11:59 pm ET on May 5, 2021.
- If you need assistance voting your shares, please contact
Stable Road’s proxy solicitor Morrow Sodali LLC at 877-787-9239 or
by email to SRAC.info@investor.morrowsodali.com.
Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW)
(“Stable Road” or the “Company”) reminds every stockholder to vote
their shares in favor of the proposal (the “Extension Amendment
Proposal”) to allow the Company more time to complete its proposed
business combination with Momentus Inc. (“Momentus”) by extending
the date by which the Company has to consummate the proposed
business combination with Momentus from May 13, 2021 to August 13,
2021. It is strongly recommended that stockholders complete their
proxy card before the special meeting of stockholders (the “Special
Meeting”), which will be held virtually on May 6, 2021 at 11:00am
ET.
Stable Road and Momentus will participate in a fireside chat
with IPO Edge tomorrow, April 28 at 1:00pm ET. To listen to the
webcast, please register at the link here. Topics that will be
discussed during the event include:
- Momentus’ vision for the future of the space economy
- The operating model that can help broaden space access
- The services Momentus will offer to optimize customers’ use of
space
- Technology updates, including a focus on Momentus’ proprietary
propulsion
- The value Momentus is looking to offer in a rapidly growing
market
Eligibility to Vote and How to Cast Your Ballot
The Extension Amendment Proposal requires approval by the
affirmative vote of the holders of at least 65% of the outstanding
shares of Class A common stock and Class B common stock, voting as
a single class. Votes that have already been cast are subject to
change or revocation until the Special Meeting, and therefore the
preliminary early results referred to above remain subject to
change. If the Extension Amendment Proposal is not approved, the
Company will be unable to consummate the proposed business
combination with Momentus. However, even if the Extension Amendment
Proposal is approved, the Company can provide no assurances that
the proposed business combination will be consummated prior to the
extended date.
Stockholders who owned shares of Class A common stock or Class B
common stock on March 22, 2021 (the “record date” for the Special
Meeting) are entitled to vote on the Extension Amendment Proposal
and the other proposals set forth in the proxy statement for the
Special Meeting. Stable Road strongly encourages and recommends
that stockholders complete and return their proxy card, voting
“FOR” the Extension Amendment Proposal and “FOR” the other
proposals set forth in the proxy statement for the Special Meeting,
as soon as possible to ensure that all shares are represented at
the Special Meeting. The fastest and easiest way to vote is over
the Internet or by phone with your control number provided by your
broker.
Stockholders who owned shares as of March 22, 2021 who did not
receive, or misplaced, the proxy materials should contact their
broker and request their voting control number. If stockholders
have questions related to voting their shares, they may contact
their broker or Stable Road’s proxy solicitor Morrow Sodali LLC at
SRAC.info@investor.morrowsodali.com or call toll free for questions
or assistance voting your shares at 877-787-9239.
Stockholders can follow this link to view the Special Meeting on
May 6, 2021 and Extension Amendment Proposal included within the
proxy statement: https://www.cstproxy.com/stableroadacquisitioncorp/sm2021
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.
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, and research organizations.
Additional Information and Where to Find It
In connection with the Special Meeting, Stable Road has filed
with the SEC and sent to its stockholders a definitive proxy
statement. STABLE ROAD’S STOCKHOLDERS AND OTHER INTERESTED PERSONS
ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT, AS WELL AS ANY
AMENDMENTS THERETO, IN CONNECTION WITH STABLE ROAD’S SOLICITATION
OF PROXIES FOR THE SPECIAL MEETING TO APPROVE THE EXTENSION
AMENDMENT PROPOSAL AND THE OTHER PROPOSALS SET FORTH THEREIN,
BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE SPECIAL
MEETING. The definitive proxy statement has been mailed to Stable
Road’s stockholders as of the record date for the Special Meeting.
Stable Road’s stockholders can also obtain copies of the definitive
proxy statement, and all other relevant documents filed or that
will be filed with the SEC in connection with the Special Meeting,
without charge, 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.
In connection with the proposed transaction contemplated by the
merger agreement between Stable Road and Momentus (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.
The Registration Statement has not been declared effective by the
SEC. 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 “PROPOSED TRANSACTION
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 Proposed Transaction 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 Special Meeting and/or
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, 2020, WHICH WAS FILED WITH THE SEC ON MARCH 8, 2021.
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 (A) SPECIAL MEETING IS SET
FORTH IN THE DEFINITIVE PROXY STATEMENT THAT STABLE ROAD HAS FILED
FOR THE SPECIAL MEETING AND/OR (B) THE PROPOSED TRANSACTION AND
OTHER MATTERS TO BE VOTED AT THE PROPOSED TRANSACTION 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 (1) Special Meeting is included in
the definitive proxy statement that Stable Road has filed with the
SEC for the Special Meeting and/or (2) 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 Special Meeting or 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210427006196/en/
Investors: investors@momentus.space
Media: press@momentus.space
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