- Electronic voting cutoff is at 11:59 pm ET on May 5, 2021 – all
votes must be received by that time. If insufficient votes are
received by then, Stable Road may adjourn the Special Meeting to a
later date in order to solicit additional votes in favor of the
extension.
- Every stockholder vote is extremely important, so please vote
your shares today to avoid an adjournment of the Special
Meeting.
- If the Extension Amendment Proposal is not approved by the
requisite vote, Stable Road will be unable to consummate the
proposed business combination with Momentus, Stable Road may need
to dissolve and your shares would be redeemed for approximately
$10.03 per share.
- Leading independent voting advisory firm Institutional
Shareholder Services has recommended stockholders vote "FOR" the
Extension Amendment Proposal.
- 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.
If the Extension Amendment Proposal is not approved, the Company
will be unable to consummate the proposed business combination with
Momentus and Stable Road may need to be dissolved. In such an
event, your shares would be redeemed for approximately $10.03 per
share.
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. If stockholders do not vote, this will have the
same effect as a vote against the extension amendment.
“We appreciate the overwhelming support for the Extension
Amendment Proposal that preliminary early voting results have
indicated. However, in order to meet the required threshold for the
Extension Amendment Proposal to be approved, more stockholders who
owned shares of Class A common stock or Class B common stock on
March 22, 2021 must vote. Every vote is important, no matter how
many shares you own,” said Brian Kabot, Chairman and Chief
Executive Officer of Stable Road.
Stable Road strongly encourages and recommends that stockholders
of record as of March 22, 2021 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 prevent an adjournment of the
Annual Meeting and ensure that all shares are represented at the
Special Meeting.
Please vote by telephone or internet today, with your voting
control number provided by your broker. 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/20210503005775/en/
Investors: investors@momentus.space Media:
press@momentus.space
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