Defendant Name:
SRC-NI Holdings, LLC
Defendant Type:
Other
Document Reference:
33-10955
Document Details
Legal Case Name
In the Matter of Momentus, Inc., Stable Road Acquisition Corp., SRC-NI Holdings, LLC, and Brian Kabot
Document Name
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
13-Jul-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Undertakings: "Respondents SRC-NI has undertaken to forego 250,000 founders shares, as that term is defined in the initial registration statement filed by SRAC on Form S-4 on November 2, 2020, that they otherwise were entitled to receive upon shareholder approval of the business combination. SRAC shall provide written confirmation of the relinquishment of the founder’s shares to Commission staff within forty-eight hours."
Other Defendants in Action:
