SEC Company Response from Momentus Inc. (MNTS, MNTSW) (CIK 0001781162) (MNTS) — Sep 27, 2019
Momentus Inc. (MNTS, MNTSW) (CIK 0001781162)
Date: Sept. 27, 2019 · CIK: 0001781162 · Accession: 0001213900-19-019182
AI Filing Summary & Sentiment
Referenced dates: August 23, 2019
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CORRESP
1
filename1.htm
Stable
Road Acquisition Corp.
1345
Abbot Kinney Blvd.
Venice,
California 90291
(833)
478-2253
September
27, 2019
VIA
EDGAR
U.S.
Securities and Exchange Commission
100
F Street, N.E.
Mail
Stop 3030
Washington,
D.C. 20549
Attention:
Michael Killoy
Re: Stable
Road Acquisition Corp.
Draft
Registration Statement on Form S-1
Submitted
August 9, 2019
CIK
No. 0001781162
Dear
Mr. Killoy:
Stable
Road Acquisition Corp. (the “Company,” “Stable Road,” “we,” “our”
or “us”) hereby transmits its response to the comments of the staff (the “Staff”) of the
Division of Corporation Finance of the Securities and Exchange Commission contained in the Staff’s letter dated August 23,
2019 (the “Letter”) regarding the above-referenced Registration Statement on Form S-1 (the “Registration
Statement”). For ease of reference, the numbered paragraphs below correspond to the numbered comments in the Letter,
with the Staff’s comments presented in bold italics font type.
The
responses below follow the sequentially numbered comments from the Letter. All page references in the responses set forth below
refer to page numbers in the marked version of the Registration Statement. Capitalized terms used but not otherwise defined herein
have the meanings ascribed to such terms in the Registration Statement.
Draft
Registration Statement on Form S-1 filed August 9, 2019
General
1. Please
supplementally provide us with copies of all written communications, as defined in Rule
405 under the Securities Act, that you, or anyone authorized to do so on your behalf,
present to potential investors in reliance on Section 5(d) of the Securities Act, whether
or not they retain copies of the communications.
We
hereby advise the Staff that we will supplementally provide the Staff with copies of all written communications presented to potential
investors in reliance on Section 5(d) of the Securities Act. We further advise the Staff that investors will not retain copies
of such materials.
U.S.
Securities and Exchange Commission
Division
of Corporation Finance
September
27, 2019
Page
2 of 3
Summary,
page 1
2. We
note the disclosure on page 16 that NASDAQ rules require that the initial business combination
have an aggregate fair market value of at least 80% of the value of the assets held in
the trust account. We also note the risk factor on page 30 that NASDAQ may delist your
securities from trading on its exchange. Please revise the disclosure throughout the
prospectus to clarify, if true, that the 80% test would no longer apply if you are delisted
from Nasdaq and add appropriate risk factor disclosure.
We
have revised the Registration Statement (pages 6, 16, 86, 91 and 102) to clarify that if our securities are not listed on Nasdaq
after this offering, we would not be required to satisfy the 80% test.
Management,
page 99
3. Please
disclose Mr. Quiroga's experience, qualifications, attributes or skills that led to the
conclusion that he should serve as a director for the registrant, as required by Item
401(e)(1) of Regulation S-K.
We
hereby advise the Staff that Mr. Quiroga will serve solely as our Chief Investment Officer and not as a director. Accordingly,
no additional disclosure is required pursuant to Item 401(e)(1) of Regulation S-K.
Signatures,
page II-8
4. Please
include the signatures of a majority of the board of directors, as required by Instruction
1 to the Signatures to Form S-1.
We
hereby advise the Staff that Mr. Kabot, who is currently the sole member of our board of directors, has signed the Registration
Statement.
Exhibits
5.
Please file the consent for Mr. Norris.
We
hereby advise the Staff that the consent for Mr. Norris will be filed as exhibit 99.5 to the Registration Statement.
*
* ** *
U.S.
Securities and Exchange Commission
Division
of Corporation Finance
September
27, 2019
Page
3 of 3
We
thank the Staff in advance for its consideration of the foregoing. Should you have any questions, please do not hesitate to contact
Stable Road’s legal counsel, Stuart Neuhauser, Esq., or Joshua Englard, Esq. of Ellenoff Grossman & Schole LLP, at (212)
370-1300.
Very truly yours,
STABLE ROAD ACQUISITION CORP.
By:
/s/
Brian Kabot
Name:
Brian Kabot
Title:
Chairman and Chief Executive Officer
cc: Ellenoff
Grossman & Schole LLP
Graubard Miller