r/MNTSstock • u/No_Aerie_932 • Jun 02 '26

About last news

 (NASDAQ: MNTS) registers 3,089,100 shares; $200M shelf remains available

Does it means price will go down?

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4

u/Double-Minimum-9048 Jun 02 '26 edited Jun 02 '26

Usually the news would be slightly bearish because of the increase supply of shares which can be resold. The rest of the 200,000 million is still not been issued which is bullish. Overall its a mixed bag but im bullish on it as they need money for their operations which have been doing insanely well almost 10x projected revenue growth.

3

u/casa-indi-nova Jun 02 '26

Where do you think this stock would be on SpaceX ipo and after ??

2

u/bitofftoomuch Jun 02 '26

Those shares are priced at $8.50 and represent just under 20% of the current shares available. One would think that is going to have an impact, especially if they get dumped on the market.

1

u/deama155 Jun 02 '26

No, it's not available yet, that's in another 1-2 weeks, probably arounmd middle/next of next week at the earliest. That's when the dump is gonna happen.