Stable Road Acquisition Corp.
SRACW
NASDAQ Global Select2.34
USD
+0.38
- -
CIK
0001781162
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
63.29
5Y
- -
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- IPO Date
- Dec 30, 2019
- CIK
- 0001781162
- Similar Companies
- Business
- Stable Road Acquisition Corp. (SRACW) operates as a special purpose acquisition company, or blank check company, whose common warrants trade on Nasdaq under the ticker SRACW; the entity possesses no significant operations and exists solely to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more unidentified businesses, originally targeting cannabis-adjacent sectors prior to its principal transaction. Incorporated in 2019 and headquartered in Venice, California, the company completed a reverse merger with Momentus Inc., a provider of commercial in-space transportation and infrastructure services including satellite buses, water-based propulsion systems, and orbital logistics, on August 12, 2021, after which Momentus assumed the surviving entity status, changed its name from Stable Road Acquisition Corp., and began trading its Class A common stock under the ticker MNTS while certain legacy warrants from SRAC (exercisable into MNTS shares) continued trading separately as SRACW with an exercise price tied to the original $11.50 per whole warrant following unit separation. Geographically, Stable Road maintains a U.S.-centric focus with global merger ambitions, sponsored by SRC-NI Holdings LLC, an affiliate of Stable Road Capital; the Momentus merger delivered approximately $247 million in gross proceeds, comprising $137 million from SRAC's trust post-redemptions and a $110 million PIPE including sponsor affiliates' $15 million contribution, though over 97% stockholder approval masked prior regulatory hurdles. Recent developments encompass SEC enforcement actions in July 2021 charging Stable Road, Momentus, and executives including CEO Brian Kabot with misleading disclosures on Momentus's propulsion technology readiness and national security risks from founder Mikhail Kokorich, resulting in cease-and-desist orders, civil penalties, forfeited founder shares, enhanced disclosure controls via independent board committees and compliance consultants, and a Fair Fund distribution plan established in 2024 for harmed investors; class action securities litigation followed, alongside merger revisions addressing CFIUS concerns through leadership changes and co-founder voting restrictions, with SRACW warrants actively trading as of December 2025 around $2.30-$2.49 amid ongoing post-merger legacy status and no further combinations announced.