Stable Road Enforcement Action Post Mortem: Lessons for the SPAC Market After Momentus Begins Trading -

Stable Road And Momentus Close Business Combination. On August 11, Stable Road Acquisition Corp., a special purpose acquisition company (SPAC), announced that its shareholders had approved its business combination with Momentus, Inc., an aspiring provider of “space infrastructure” services, a month after settling charges with the SEC that alleged false and misleading disclosures were made to investors during the lead up to the merger. The combined company’s shares began trading on NASDAQ on August 13 under the “MNTS” ticker.