Wolf Popper LLP Announces Investigation on Behalf of Investors in Stable Road Acquisition Corp.

New York, New York--(Newsfile Corp. - July 14, 2021) -  Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Stable Road Acquisition Corp. common stock (NASDAQ: SRAC).

On October 7, 2020, Stable Road Acquisition Corp. (NASDAQ: SRAC), a special purpose acquisition company (SPAC), issued a press release announcing that it had entered into a merger agreement with Momentus Inc. In that press release, Stable Road represented that Momentus had developed a cost and energy efficient in-space transport system based on water plasma propulsion technology and had in-place service agreements with private satellite companies, government agencies and research organizations. Stable Road filed its initial joint Registration Statement and Proxy Statement on Form S-4 on November 2, 2020 for a shareholder vote on the proposed merger and has filed three subsequent amendments.

After the market closed on July 13, 2020, the Securities and Exchange Commission filed a complaint against Mikhail Kokorich, Momentus's founder and former CEO. The complaint alleges that Kokorich had "engaged in fraudulent conduct to secure and promote the merger agreement with Stable Road" including "misrepresentations of material facts and misleading omissions … regarding: (1) Momentus's key technology which, when tested in space in 2019, failed Momentus's internal criteria for success; and (2) multiple adverse determinations against Kokorich for national security reasons, which materially impaired Momentus's ability to participate in U.S.-based rocket launches so long as he was involved with the company".

On July 14, 2021, Stable Road's stock price opened down $1.20 per share at $10.68.

Investors who have lost over $50,000 trading in Stable Road common stock and who would like to discuss the investigation should contact Robert Finkel at (212) 451-9620, or rfinkel@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

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Wolf Popper LLP
Robert C. Finkel
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9620
Email: rfinkel@wolfpopper.com

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