Jems
2021-07-26
Beware and do due research.
A Space Company’s Wall Street Launch Misfires<blockquote>一家太空公司在华尔街的发射失败</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
6
2
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":800976289,"tweetId":"800976289","gmtCreate":1627274960341,"gmtModify":1631890443460,"author":{"id":3570400002121413,"idStr":"3570400002121413","authorId":3570400002121413,"authorIdStr":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Beware and do due research.</p></body></html>","htmlText":"<html><head></head><body><p>Beware and do due research.</p></body></html>","text":"Beware and do due research.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/800976289","repostId":1131638202,"repostType":4,"repost":{"id":"1131638202","kind":"news","pubTimestamp":1627270717,"share":"https://www.laohunote.com/m/news/1131638202?lang=zh_CN&edition=full","pubTime":"2021-07-26 11:38","market":"us","language":"en","title":"A Space Company’s Wall Street Launch Misfires<blockquote>一家太空公司在华尔街的发射失败</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131638202","media":"WSJ","summary":"WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that i","content":"<p>WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.</p><p><blockquote>华盛顿--美国证券交易委员会（Securities and Exchange Commission）称，一家试图上市的太空运输公司没有告诉潜在投资者，该公司的卫星运输技术出现了故障，与太空中的卫星失去了联系，而且该公司的俄罗斯创始人已被美国政府视为国家安全风险。</blockquote></p><p> Had the company, Momentus Inc., filed for a traditional initial public offering, the bankers working on the deal could be liable for any misleading statements to investors. But it didn’t. It is attempting to go public by merging with a special-purpose acquisition company—a route that doesn’t require bankers to do full due diligence on the business breaking into public markets.</p><p><blockquote>如果 Momentus Inc. 公司申请传统的首次公开募股，参与该交易的银行家可能会为向投资者发表的任何误导性声明承担责任。但它没有。该公司正试图通过与一家特殊目的收购公司合并来上市--这种途径不需要银行家对进入公开市场的业务进行全面的尽职调查。</blockquote></p><p> While SPACs are hot, it isa route the SEC is trying to curb. The commission accused Momentus and its founder of fraud and its SPAC partner of negligence for not ferreting out the problems and disclosing them in regulatory filings and investor materials.</p><p><blockquote>虽然 SPAC 很热门，但它是 SEC 试图遏制的路线。该委员会指控 Momentus 及其创始人存在欺诈行为，并指控其 SPAC 合作伙伴存在疏忽，没有找出问题并在监管文件和投资者材料中披露。</blockquote></p><p> “Those who stand to earn significant profits from a SPAC merger may conduct inadequate due diligence and mislead investors,” SEC Chairman Gary Gensler warned in announcing an enforcement action earlier this month that included a settlement order.</p><p><blockquote>“美国证券交易委员会主席加里-詹斯勒（Gary Gensler）在本月早些时候宣布一项执法行动（包括和解令）时警告说：”那些将从 SPAC 合并中获得巨额利润的公司可能会进行不充分的尽职调查，误导投资者。</blockquote></p><p> Momentus agreed to pay $7 million and the SPAC,Stable Road Acquisition Corp., agreed to pay $1 million to settle the SEC probe, the agency said. The resolution didn’t require the companies to admit wrongdoing.</p><p><blockquote>该机构表示，Momentus 同意支付 700 万美元，SPAC Stable Road Acquisition Corp. 同意支付 100 万美元来解决 SEC 的调查。决议并不要求这些公司承认不当行为。</blockquote></p><p> The SEC alsosued the founderof Momentus, the Russian entrepreneur Mikhail Kokorich, in federal court. Mr. Kokorich denies the SEC’s allegations that he misled investors and his SPAC partner, and “believes his position will be vindicated,” said his attorney, Thomas Gorman.</p><p><blockquote>美国证券交易委员会还在联邦法院起诉了Momentus的创始人、俄罗斯企业家Mikhail Kokorich。科科里奇先生否认了美国证券交易委员会关于他误导投资者和他的特殊目的收购公司合伙人的指控，并 “相信他的立场会得到证实”，他的律师托马斯-戈尔曼（Thomas Gorman）说。</blockquote></p><p> Momentus said it is “pleased to be closing this chapter” and looks forward to going public and providing value to shareholders. An attorney for Stable Road didn’t respond to requests for comment. The company, in a recent regulatory filing, said it conducted “extensive due diligence” on Momentus’s finances, technology and intellectual property.</p><p><blockquote>Momentus 表示，它 “很高兴结束这一篇章”，并期待着上市并为股东提供价值。Stable Road 的律师没有回应置评请求。该公司在最近提交的一份监管文件中表示，它对 Momentus 的财务、技术和知识产权进行了 “广泛的尽职调查”。</blockquote></p><p> In a traditional IPO, bankers, lawyers and accountants exhaustively research the listing company, examining records to verify statements made to investors.</p><p><blockquote>在传统的IPO中，银行家、律师和会计师会对上市公司进行详尽的研究，检查记录以核实向投资者做出的陈述。</blockquote></p><p> “With a traditional IPO, the investment bank is involved, and it has to do thorough due diligence,” said Georges Ugeux, a lecturer at Columbia Law School and a former executive at the New York Stock Exchange. SPACs are supposed to conduct due diligence in mergers, he said, adding, “It’s not going to be as thorough.”</p><p><blockquote>“哥伦比亚法学院讲师、纽约证券交易所前高管乔治-乌格克斯（Georges Ugeux）说：”在传统的首次公开募股中，投资银行会参与其中，它必须进行彻底的尽职调查。他说，SPAC 应该在合并中进行尽职调查，并补充说，“不会那么彻底”。</blockquote></p><p> SPACs raise capital, list on exchanges and then find merger targets. A SPAC typically has two years to complete an acquisition, or it must return the cash to shareholders, creating an incentive to get a deal done. Stable Road has until August to complete the merger with Momentus.</p><p><blockquote>SPAC筹集资金，在交易所上市，然后寻找合并目标。特殊目的收购公司通常有两年的时间来完成收购，否则它必须将现金返还给股东，从而产生完成交易的激励。Stable Road 必须在 8 月之前完成与 Momentus 的合并。</blockquote></p><p> The investment bankEvercoreInc.advised Momentus on its financial projections and negotiations with Stable Road. Evercore’s role was akin to the job a bank plays in a merger, providing financial advice to a company that is being acquired, Mr. Ugeux said. An Evercore spokesman declined to comment.</p><p><blockquote>投资银行 Vercoreinc. 就 Momentus 的财务预测以及与 Stable Road 的谈判提供建议。Ugeux 先生说，Evercore 的角色类似于银行在合并中扮演的角色，为被收购的公司提供财务建议。Evercore 发言人拒绝置评。</blockquote></p><p> Stable Road’s founders initially considered cannabis companies when they began hunting for a startup to take public. They launched talks with Momentus, initially valued at $1.8 billion, in July 2020, according to regulatory filings.</p><p><blockquote>Stable Road 的创始人在开始寻找一家初创公司上市时，最初考虑的是大麻公司。根据监管文件，他们于 2020 年 7 月开始与 Momentus 进行谈判，最初估值为 18 亿美元。</blockquote></p><p> Momentus, in a fall investment presentation, said its customers have included the National Aeronautics and Space Administration and government contractors such asLockheed MartinCorp.It plans to have SpaceX rockets carry Momentus’s smaller transport vehicles into space, according to the presentation and regulatory filings. Lockheed is no longer a customer, according to Momentus.</p><p><blockquote>Momentus 在秋季投资演示中表示，其客户包括美国国家航空航天局和洛克希德·马丁公司等政府承包商。根据演示文稿和监管文件，该公司计划让 SpaceX 的火箭将 Momentus 的小型运输工具送入太空。据 Momentus 称，洛克希德公司不再是客户。</blockquote></p><p> Its propulsion technology to carry satellites from rockets and place them into orbit was unproven and a test in 2019 wasn’t successful under the company’s criteria, with the company losing contact with a demonstration satellite, which remains in space, the SEC said. A Russian Soyuz rocket carried the Momentus thruster into space, according to Momentus. The company told investors after the demonstration that it had been successful, the SEC said.</p><p><blockquote>美国证券交易委员会表示，该公司将卫星从火箭上运送并送入轨道的推进技术未经证实，根据该公司的标准，2019 年的一次测试并未成功，该公司与一颗仍在太空中的演示卫星失去了联系。据 Momentus 称，一枚俄罗斯联盟号火箭将 Momentus 推进器送入太空。美国证券交易委员会表示，该公司在演示后告诉投资者，演示取得了成功。</blockquote></p><p> Stable Road didn’t start its review of Momentus until a month before the merger was announced in October 2020, and a consultant hired by Stable Road to review Momentus’s technology didn’t evaluate the result of the test mission, the SEC said.</p><p><blockquote>美国证券交易委员会表示，Stable Road 直到 2020 年 10 月宣布合并前一个月才开始对 Momentus 进行审查，Stable Road 聘请的负责审查 Momentus 技术的顾问也没有对测试任务的结果进行评估。</blockquote></p><p> Mr. Kokorich, who founded the space company in 2017, also misled investors and Stable Road about his national-security issues, the SEC alleged in its lawsuit.</p><p><blockquote>美国证券交易委员会在诉讼中指控，2017 年创立了这家航天公司的科科里奇还在国家安全问题上误导了投资者和稳定之路。</blockquote></p><p></p><p> A unit of the Commerce Department denied Momentus’s application in March 2018 for an export-license for Mr. Kokorich to access the company’s propulsion technology after consulting the Defense and State departments because he “was not an ‘acceptable recipient’ of the technology ‘for national security reasons,’” the SEC said. The SEC filing didn’t elaborate on the Commerce Department’s decision.</p><p><blockquote>美国证券交易委员会表示，2018 年 3 月，商务部的一个部门在咨询了国防部和国务院后，拒绝了 Momentus 公司为 Kokorich 先生申请出口许可证以获取该公司推进技术，因为他 “出于国家安全原因'不是该技术的'可接受接受者'”。美国证券交易委员会的文件没有详细说明商务部的决定。</blockquote></p><p> A month later the Committee on Foreign Investment in the U.S., a multiagency panel that screens deals for national-security risks, flagged Mr. Kokorich’s investment in a different space company and later suggested that he divest his stake, citing the sophistication of the company’s technology and unspecified concerns about him and other investors, the lawsuit said.</p><p><blockquote>诉讼称，一个月后，负责审查交易中是否存在国家安全风险的多机构小组——美国外国投资委员会（Committee on Foreign Investment in the U.S.）对科科里奇先生在另一家航天公司的投资进行了标记，随后建议他出售股份，理由是该公司技术的复杂性以及对他和其他投资者的未指明担忧。</blockquote></p><p> U.S. Citizenship and Immigration Services soon revoked Mr. Kokorich’s work visa and denied his request for permanent resident status, according to the SEC. He later applied for political asylum, which was also denied. He now lives in Switzerland, according to the SEC.</p><p><blockquote>据美国证券交易委员会称，美国公民和移民局很快吊销了科科里奇先生的工作签证，并拒绝了他的永久居民身份申请。他后来申请政治庇护，但也被拒绝。据美国证券交易委员会称，他现在住在瑞士。</blockquote></p><p> Mr. Kokorich resigned as chief executive in January, a few days after the Defense Department told Momentus that his ownership and control of the company posed a national-security risk.</p><p><blockquote>科科里奇先生于一月份辞去了首席执行官一职，几天前，国防部告诉 Momentus，他对该公司的所有权和控制权构成了国家安全风险。</blockquote></p><p> Momentus and Stable Road are still seeking shareholder approval next month for their merger. Momentus’s value has been reduced to $566 million, according to securities filings. Private investors pulled $118 million from the deal after the SEC enforcement action was announced, but the company has raised funds from new investors, regulatory filings show.</p><p><blockquote>Momentus 和 Stable Road 仍在寻求下个月股东批准合并。根据证券文件，Momentus 的估值已降至 5.66 亿美元。监管文件显示，在美国证券交易委员会宣布执法行动后，私人投资者从该交易中撤回了 1.18 亿美元，但该公司已从新投资者那里筹集了资金。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Space Company’s Wall Street Launch Misfires<blockquote>一家太空公司在华尔街的发射失败</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Space Company’s Wall Street Launch Misfires<blockquote>一家太空公司在华尔街的发射失败</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-07-26 11:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.</p><p><blockquote>华盛顿--美国证券交易委员会（Securities and Exchange Commission）称，一家试图上市的太空运输公司没有告诉潜在投资者，该公司的卫星运输技术出现了故障，与太空中的卫星失去了联系，而且该公司的俄罗斯创始人已被美国政府视为国家安全风险。</blockquote></p><p> Had the company, Momentus Inc., filed for a traditional initial public offering, the bankers working on the deal could be liable for any misleading statements to investors. But it didn’t. It is attempting to go public by merging with a special-purpose acquisition company—a route that doesn’t require bankers to do full due diligence on the business breaking into public markets.</p><p><blockquote>如果 Momentus Inc. 公司申请传统的首次公开募股，参与该交易的银行家可能会为向投资者发表的任何误导性声明承担责任。但它没有。该公司正试图通过与一家特殊目的收购公司合并来上市--这种途径不需要银行家对进入公开市场的业务进行全面的尽职调查。</blockquote></p><p> While SPACs are hot, it isa route the SEC is trying to curb. The commission accused Momentus and its founder of fraud and its SPAC partner of negligence for not ferreting out the problems and disclosing them in regulatory filings and investor materials.</p><p><blockquote>虽然 SPAC 很热门，但它是 SEC 试图遏制的路线。该委员会指控 Momentus 及其创始人存在欺诈行为，并指控其 SPAC 合作伙伴存在疏忽，没有找出问题并在监管文件和投资者材料中披露。</blockquote></p><p> “Those who stand to earn significant profits from a SPAC merger may conduct inadequate due diligence and mislead investors,” SEC Chairman Gary Gensler warned in announcing an enforcement action earlier this month that included a settlement order.</p><p><blockquote>“美国证券交易委员会主席加里-詹斯勒（Gary Gensler）在本月早些时候宣布一项执法行动（包括和解令）时警告说：”那些将从 SPAC 合并中获得巨额利润的公司可能会进行不充分的尽职调查，误导投资者。</blockquote></p><p> Momentus agreed to pay $7 million and the SPAC,Stable Road Acquisition Corp., agreed to pay $1 million to settle the SEC probe, the agency said. The resolution didn’t require the companies to admit wrongdoing.</p><p><blockquote>该机构表示，Momentus 同意支付 700 万美元，SPAC Stable Road Acquisition Corp. 同意支付 100 万美元来解决 SEC 的调查。决议并不要求这些公司承认不当行为。</blockquote></p><p> The SEC alsosued the founderof Momentus, the Russian entrepreneur Mikhail Kokorich, in federal court. Mr. Kokorich denies the SEC’s allegations that he misled investors and his SPAC partner, and “believes his position will be vindicated,” said his attorney, Thomas Gorman.</p><p><blockquote>美国证券交易委员会还在联邦法院起诉了Momentus的创始人、俄罗斯企业家Mikhail Kokorich。科科里奇先生否认了美国证券交易委员会关于他误导投资者和他的特殊目的收购公司合伙人的指控，并 “相信他的立场会得到证实”，他的律师托马斯-戈尔曼（Thomas Gorman）说。</blockquote></p><p> Momentus said it is “pleased to be closing this chapter” and looks forward to going public and providing value to shareholders. An attorney for Stable Road didn’t respond to requests for comment. The company, in a recent regulatory filing, said it conducted “extensive due diligence” on Momentus’s finances, technology and intellectual property.</p><p><blockquote>Momentus 表示，它 “很高兴结束这一篇章”，并期待着上市并为股东提供价值。Stable Road 的律师没有回应置评请求。该公司在最近提交的一份监管文件中表示，它对 Momentus 的财务、技术和知识产权进行了 “广泛的尽职调查”。</blockquote></p><p> In a traditional IPO, bankers, lawyers and accountants exhaustively research the listing company, examining records to verify statements made to investors.</p><p><blockquote>在传统的IPO中，银行家、律师和会计师会对上市公司进行详尽的研究，检查记录以核实向投资者做出的陈述。</blockquote></p><p> “With a traditional IPO, the investment bank is involved, and it has to do thorough due diligence,” said Georges Ugeux, a lecturer at Columbia Law School and a former executive at the New York Stock Exchange. SPACs are supposed to conduct due diligence in mergers, he said, adding, “It’s not going to be as thorough.”</p><p><blockquote>“哥伦比亚法学院讲师、纽约证券交易所前高管乔治-乌格克斯（Georges Ugeux）说：”在传统的首次公开募股中，投资银行会参与其中，它必须进行彻底的尽职调查。他说，SPAC 应该在合并中进行尽职调查，并补充说，“不会那么彻底”。</blockquote></p><p> SPACs raise capital, list on exchanges and then find merger targets. A SPAC typically has two years to complete an acquisition, or it must return the cash to shareholders, creating an incentive to get a deal done. Stable Road has until August to complete the merger with Momentus.</p><p><blockquote>SPAC筹集资金，在交易所上市，然后寻找合并目标。特殊目的收购公司通常有两年的时间来完成收购，否则它必须将现金返还给股东，从而产生完成交易的激励。Stable Road 必须在 8 月之前完成与 Momentus 的合并。</blockquote></p><p> The investment bankEvercoreInc.advised Momentus on its financial projections and negotiations with Stable Road. Evercore’s role was akin to the job a bank plays in a merger, providing financial advice to a company that is being acquired, Mr. Ugeux said. An Evercore spokesman declined to comment.</p><p><blockquote>投资银行 Vercoreinc. 就 Momentus 的财务预测以及与 Stable Road 的谈判提供建议。Ugeux 先生说，Evercore 的角色类似于银行在合并中扮演的角色，为被收购的公司提供财务建议。Evercore 发言人拒绝置评。</blockquote></p><p> Stable Road’s founders initially considered cannabis companies when they began hunting for a startup to take public. They launched talks with Momentus, initially valued at $1.8 billion, in July 2020, according to regulatory filings.</p><p><blockquote>Stable Road 的创始人在开始寻找一家初创公司上市时，最初考虑的是大麻公司。根据监管文件，他们于 2020 年 7 月开始与 Momentus 进行谈判，最初估值为 18 亿美元。</blockquote></p><p> Momentus, in a fall investment presentation, said its customers have included the National Aeronautics and Space Administration and government contractors such asLockheed MartinCorp.It plans to have SpaceX rockets carry Momentus’s smaller transport vehicles into space, according to the presentation and regulatory filings. Lockheed is no longer a customer, according to Momentus.</p><p><blockquote>Momentus 在秋季投资演示中表示，其客户包括美国国家航空航天局和洛克希德·马丁公司等政府承包商。根据演示文稿和监管文件，该公司计划让 SpaceX 的火箭将 Momentus 的小型运输工具送入太空。据 Momentus 称，洛克希德公司不再是客户。</blockquote></p><p> Its propulsion technology to carry satellites from rockets and place them into orbit was unproven and a test in 2019 wasn’t successful under the company’s criteria, with the company losing contact with a demonstration satellite, which remains in space, the SEC said. A Russian Soyuz rocket carried the Momentus thruster into space, according to Momentus. The company told investors after the demonstration that it had been successful, the SEC said.</p><p><blockquote>美国证券交易委员会表示，该公司将卫星从火箭上运送并送入轨道的推进技术未经证实，根据该公司的标准，2019 年的一次测试并未成功，该公司与一颗仍在太空中的演示卫星失去了联系。据 Momentus 称，一枚俄罗斯联盟号火箭将 Momentus 推进器送入太空。美国证券交易委员会表示，该公司在演示后告诉投资者，演示取得了成功。</blockquote></p><p> Stable Road didn’t start its review of Momentus until a month before the merger was announced in October 2020, and a consultant hired by Stable Road to review Momentus’s technology didn’t evaluate the result of the test mission, the SEC said.</p><p><blockquote>美国证券交易委员会表示，Stable Road 直到 2020 年 10 月宣布合并前一个月才开始对 Momentus 进行审查，Stable Road 聘请的负责审查 Momentus 技术的顾问也没有对测试任务的结果进行评估。</blockquote></p><p> Mr. Kokorich, who founded the space company in 2017, also misled investors and Stable Road about his national-security issues, the SEC alleged in its lawsuit.</p><p><blockquote>美国证券交易委员会在诉讼中指控，2017 年创立了这家航天公司的科科里奇还在国家安全问题上误导了投资者和稳定之路。</blockquote></p><p></p><p> A unit of the Commerce Department denied Momentus’s application in March 2018 for an export-license for Mr. Kokorich to access the company’s propulsion technology after consulting the Defense and State departments because he “was not an ‘acceptable recipient’ of the technology ‘for national security reasons,’” the SEC said. The SEC filing didn’t elaborate on the Commerce Department’s decision.</p><p><blockquote>美国证券交易委员会表示，2018 年 3 月，商务部的一个部门在咨询了国防部和国务院后，拒绝了 Momentus 公司为 Kokorich 先生申请出口许可证以获取该公司推进技术，因为他 “出于国家安全原因'不是该技术的'可接受接受者'”。美国证券交易委员会的文件没有详细说明商务部的决定。</blockquote></p><p> A month later the Committee on Foreign Investment in the U.S., a multiagency panel that screens deals for national-security risks, flagged Mr. Kokorich’s investment in a different space company and later suggested that he divest his stake, citing the sophistication of the company’s technology and unspecified concerns about him and other investors, the lawsuit said.</p><p><blockquote>诉讼称，一个月后，负责审查交易中是否存在国家安全风险的多机构小组——美国外国投资委员会（Committee on Foreign Investment in the U.S.）对科科里奇先生在另一家航天公司的投资进行了标记，随后建议他出售股份，理由是该公司技术的复杂性以及对他和其他投资者的未指明担忧。</blockquote></p><p> U.S. Citizenship and Immigration Services soon revoked Mr. Kokorich’s work visa and denied his request for permanent resident status, according to the SEC. He later applied for political asylum, which was also denied. He now lives in Switzerland, according to the SEC.</p><p><blockquote>据美国证券交易委员会称，美国公民和移民局很快吊销了科科里奇先生的工作签证，并拒绝了他的永久居民身份申请。他后来申请政治庇护，但也被拒绝。据美国证券交易委员会称，他现在住在瑞士。</blockquote></p><p> Mr. Kokorich resigned as chief executive in January, a few days after the Defense Department told Momentus that his ownership and control of the company posed a national-security risk.</p><p><blockquote>科科里奇先生于一月份辞去了首席执行官一职，几天前，国防部告诉 Momentus，他对该公司的所有权和控制权构成了国家安全风险。</blockquote></p><p> Momentus and Stable Road are still seeking shareholder approval next month for their merger. Momentus’s value has been reduced to $566 million, according to securities filings. Private investors pulled $118 million from the deal after the SEC enforcement action was announced, but the company has raised funds from new investors, regulatory filings show.</p><p><blockquote>Momentus 和 Stable Road 仍在寻求下个月股东批准合并。根据证券文件，Momentus 的估值已降至 5.66 亿美元。监管文件显示，在美国证券交易委员会宣布执法行动后，私人投资者从该交易中撤回了 1.18 亿美元，但该公司已从新投资者那里筹集了资金。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/a-space-companys-wall-street-launch-misfires-11627228802?mod=hp_lead_pos5\">WSJ</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/a-space-companys-wall-street-launch-misfires-11627228802?mod=hp_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131638202","content_text":"WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.\nHad the company, Momentus Inc., filed for a traditional initial public offering, the bankers working on the deal could be liable for any misleading statements to investors. But it didn’t. It is attempting to go public by merging with a special-purpose acquisition company—a route that doesn’t require bankers to do full due diligence on the business breaking into public markets.\nWhile SPACs are hot, it isa route the SEC is trying to curb. The commission accused Momentus and its founder of fraud and its SPAC partner of negligence for not ferreting out the problems and disclosing them in regulatory filings and investor materials.\n“Those who stand to earn significant profits from a SPAC merger may conduct inadequate due diligence and mislead investors,” SEC Chairman Gary Gensler warned in announcing an enforcement action earlier this month that included a settlement order.\nMomentus agreed to pay $7 million and the SPAC,Stable Road Acquisition Corp., agreed to pay $1 million to settle the SEC probe, the agency said. The resolution didn’t require the companies to admit wrongdoing.\nThe SEC alsosued the founderof Momentus, the Russian entrepreneur Mikhail Kokorich, in federal court. Mr. Kokorich denies the SEC’s allegations that he misled investors and his SPAC partner, and “believes his position will be vindicated,” said his attorney, Thomas Gorman.\nMomentus said it is “pleased to be closing this chapter” and looks forward to going public and providing value to shareholders. An attorney for Stable Road didn’t respond to requests for comment. The company, in a recent regulatory filing, said it conducted “extensive due diligence” on Momentus’s finances, technology and intellectual property.\nIn a traditional IPO, bankers, lawyers and accountants exhaustively research the listing company, examining records to verify statements made to investors.\n“With a traditional IPO, the investment bank is involved, and it has to do thorough due diligence,” said Georges Ugeux, a lecturer at Columbia Law School and a former executive at the New York Stock Exchange. SPACs are supposed to conduct due diligence in mergers, he said, adding, “It’s not going to be as thorough.”\nSPACs raise capital, list on exchanges and then find merger targets. A SPAC typically has two years to complete an acquisition, or it must return the cash to shareholders, creating an incentive to get a deal done. Stable Road has until August to complete the merger with Momentus.\nThe investment bankEvercoreInc.advised Momentus on its financial projections and negotiations with Stable Road. Evercore’s role was akin to the job a bank plays in a merger, providing financial advice to a company that is being acquired, Mr. Ugeux said. An Evercore spokesman declined to comment.\nStable Road’s founders initially considered cannabis companies when they began hunting for a startup to take public. They launched talks with Momentus, initially valued at $1.8 billion, in July 2020, according to regulatory filings.\nMomentus, in a fall investment presentation, said its customers have included the National Aeronautics and Space Administration and government contractors such asLockheed MartinCorp.It plans to have SpaceX rockets carry Momentus’s smaller transport vehicles into space, according to the presentation and regulatory filings. Lockheed is no longer a customer, according to Momentus.\nIts propulsion technology to carry satellites from rockets and place them into orbit was unproven and a test in 2019 wasn’t successful under the company’s criteria, with the company losing contact with a demonstration satellite, which remains in space, the SEC said. A Russian Soyuz rocket carried the Momentus thruster into space, according to Momentus. The company told investors after the demonstration that it had been successful, the SEC said.\nStable Road didn’t start its review of Momentus until a month before the merger was announced in October 2020, and a consultant hired by Stable Road to review Momentus’s technology didn’t evaluate the result of the test mission, the SEC said.\nMr. Kokorich, who founded the space company in 2017, also misled investors and Stable Road about his national-security issues, the SEC alleged in its lawsuit.\nA unit of the Commerce Department denied Momentus’s application in March 2018 for an export-license for Mr. Kokorich to access the company’s propulsion technology after consulting the Defense and State departments because he “was not an ‘acceptable recipient’ of the technology ‘for national security reasons,’” the SEC said. The SEC filing didn’t elaborate on the Commerce Department’s decision.\nA month later the Committee on Foreign Investment in the U.S., a multiagency panel that screens deals for national-security risks, flagged Mr. Kokorich’s investment in a different space company and later suggested that he divest his stake, citing the sophistication of the company’s technology and unspecified concerns about him and other investors, the lawsuit said.\nU.S. Citizenship and Immigration Services soon revoked Mr. Kokorich’s work visa and denied his request for permanent resident status, according to the SEC. He later applied for political asylum, which was also denied. He now lives in Switzerland, according to the SEC.\nMr. Kokorich resigned as chief executive in January, a few days after the Defense Department told Momentus that his ownership and control of the company posed a national-security risk.\nMomentus and Stable Road are still seeking shareholder approval next month for their merger. Momentus’s value has been reduced to $566 million, according to securities filings. Private investors pulled $118 million from the deal after the SEC enforcement action was announced, but the company has raised funds from new investors, regulatory filings show.","news_type":1,"symbols_score_info":{"SRAC":0.9}},"isVote":1,"tweetType":1,"viewCount":3895,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":23,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/800976289"}
精彩评论