Stable Road Acquisition Corp.
Completed 2021-08-12- CIK 1781162
- SRAC
- Now MNTS
- IPO 2019-11-08
- $173M trust
- 709 filings
Successfully merged with Momentus Inc. • Now trading as MNTS
- IPO Size
- $173M
- raised at the IPO
- Trust
- $173M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
709 filings over 29 quarters; violet bars carry a milestone
- 19 Q3: 4 filings
- 19 Q4: 27 filings
- 20 Q1: 9 filings
- 20 Q2: 1 filing
- 20 Q3: 1 filing
- 20 Q4: 25 filings
- 21 Q1: 19 filings
- 21 Q2: 44 filings
- 21 Q3: 55 filings
- 21 Q4: 30 filings
- 22 Q1: 30 filings
- 22 Q2: 36 filings
- 22 Q3: 27 filings
- 22 Q4: 9 filings
- 23 Q1: 24 filings
- 23 Q2: 34 filings
- 23 Q3: 40 filings
- 23 Q4: 17 filings
- 24 Q1: 20 filings
- 24 Q2: 10 filings
- 24 Q3: 16 filings
- 24 Q4: 43 filings
- 25 Q1: 17 filings
- 25 Q2: 41 filings
- 25 Q3: 37 filings
- 25 Q4: 26 filings
- 26 Q1: 19 filings
- 26 Q2: 42 filings
- 26 Q3: 6 filings
- S-1 filed 19 Q3
- IPO 19 Q4
- Definitive agreement 20 Q4
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Stable Road Acquisition Corp. is a blank-check company seeking a business combination with a business servicing or operating adjacent or ancillary to the cannabis sector that does not directly produce, distribute, or sell cannabis. Its stated vertical interests include software, distribution, and real estate supporting the cannabis industry.
Investment Focus
Cannabis, Software, Logistics, Real Estate
Key Information
As the filings state it
- IPO Date
- 2019-11-08
- Total Redemptions
- $35.4M
- PIPE
- $110M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-08-12
- Merger Target
- Momentus Inc.
- SPAC Ticker
- SRAC
- Merged Ticker
- MNTS
Stock Performance
MNTSTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2020-01-02 | $9.85 | |
| At Merger | 2021-08-13 | $10.68 | +8% |
| 6 Months Post-Merger | 2022-02-14 | $3.00 | -72% |
| 1 Year Post-Merger | 2022-08-15 | $2.33 | -78% |
| 2 Years Post-Merger | 2023-08-14 | $0.32 | -97% |
| Current Price | 2026-10-16 | $2.61 | -74% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Brian Kabot and Juan Manuel Quiroga, the team reports over 60 years of combined professional experience and more than 20 transactions within or ancillary to cannabis. Kabot has principal-investing experience and leads Stable Road Capital; Quiroga is an investment professional with experience in private equity and financial markets. James Norris brings investment-management and CFO experience.