Stable Road Acquisition Corp. (SRAC) Investigation:
The investigation focuses on Stable Road s misrepresentations about the technology and national security risks posed by Momentus, a privately held space company that aspires to provide space infrastructure services.
More specifically, on July 13, 2021 the SEC sued Stable Road, its CEO (Brian Kabot), Momentus, and its former CEO (Mikhail Kokorich) for making materially false statements and omissions and otherwise engaging in other deceptive conduct, all designed to mislead Stable Road investors.
Among other things, the SEC alleges that Kokorich, Momentus and Stable Road falsely represented to investors that Momentus successfully tested its key technology in space when, in fact, the tests were not successful. The SEC also alleges that Kokorich presented a national security risk. Moreover, the SEC alleges that Stable Road s due diligence of Momentus was cond
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