- Special Meeting to reconvene on May 13, 2021.
- Electronic voting cutoff is at 11:59 pm ET on May 12, 2021 –
Stable Road is continuing to solicit votes until that time; call
centers to remain open over the weekend.
- If the Extension Amendment Proposal is not approved, Stable
Road will be unable to consummate the proposed business combination
with Momentus and all public shares will be redeemed at a price of
approximately $10.03 per share within ten business days after May
13, 2021.
- Leading independent voting advisory firm Institutional
Shareholder Services has recommended stockholders vote "FOR" the
Extension Amendment Proposal.
- Approximately 60% of outstanding shares have voted in favor of
the Extension Amendment Proposal as of market close on Thursday May
6, however, this number is preliminary and subject to change until
the Special Meeting reconvenes.
- 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 extend the deadline by which the Company has to
consummate the proposed business combination with Momentus Inc.
(“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”) reconvenes
on May 13, 2021 at 11:00am ET.
If the Extension Amendment Proposal is not approved, Stable
Road will be unable to consummate the proposed business combination
with Momentus and, in accordance with Stable Road’s charter, all
public shares will be redeemed at a price of approximately $10.03
per share within ten business days after May 13, 2021.
However, even if the Extension Amendment Proposal is approved,
Stable Road can provide no assurances that the proposed business
combination will be consummated prior to the extended date.
Stable Road advises its stockholders that every vote is
critical, and urges every stockholder
who held shares of stock in Stable Road as of the close of business
on March 22, 2021, the record date for the Special Meeting, to vote
as soon as possible.
During the period of the adjournment, Stable Road will continue
to solicit proxies from its stockholders with respect to the
Extension Amendment Proposal. Proxies previously submitted in
respect of the Special Meeting will be voted at the reconvened
meeting unless properly revoked. Proxies can be revoked by
following the procedure for revocation described in the definitive
proxy statement for the Special Meeting.
You are encouraged to submit your vote as soon as possible to
ensure it is counted at the Special Meeting. Please note that if
your shares are held at a brokerage firm or bank, your broker will
not vote your shares for you. You must contact your bank or broker
to cast your vote, and you should do so as promptly as possible as
your brokerage firm or bank may require you to act more quickly
prior to the reconvened meeting. 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.
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 Securities and Exchange Commission (“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/20210507005525/en/
Investors: investors@momentus.space Media:
press@momentus.space
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