Kirkland Represents Stable Road Acquisition Corp. on $1.2 Billion Merger with Momentus Inc.

Kirkland advised Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW), a special purpose acquisition company sponsored by an affiliate of Stable Road Capital, on its merger with Momentus Inc., a commercial space company offering in-space transportation and infrastructure services, creating a combined company with an enterprise value of approximately $1.2 billion. Upon the closing of the transaction, the combined operating company will be named Momentus Inc. and its securities will be listed on Nasdaq and trade under the ticker symbol “MNTS.” The merger creates the first publicly traded space infrastructure company at the forefront of the new space economy. Completion of the proposed transaction is subject to customary closing conditions and is expected to be completed in early 2021.

Read the press release from Momentus

The Kirkland team was led by transactional partners Douglas Gessner and Bradley Reed and associates Brett Nelson, Jonathan Dhanawade and Jeremy Mandell and capital markets partner Kevin Frank and associate Hannah Kropp.