The Securities and Change Fee on Tuesday charged embattled area infrastructure startup Momentus House and its founder, Mikhail Kokorich, with allegedly deceptive traders about its propulsion know-how and downplaying regulators’ nationwide safety considerations related to Kokorich, who’s Russian.
The SEC additionally charged the corporate, Steady Highway Acquisition Corp, that was going to accumulate Momentus as a part of a deal to take the startup public (and sidestep the IPO course of). Steady Highway Acquisition Corp is a SPAC, an organization that exists solely to purchase one other firm; the CEO of Steady Highway, Brian Kabot, and its sponsor SRC-NI have additionally been charged by the SEC. Everybody besides Kokorich has settled the fees with the SEC and paid a…
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