Litigation Releases (Mikhail Kokorich)

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26180 / November 25, 2024

Securities and Exchange Commission v. Mikhail Kokorich

, No. 1:21-cv-01869 (D.D.C. filed July 13, 2021)

SEC Obtains Final Judgment Against Former Space Transportation Company CEO

On November 25, 2024, the U.S. District Court for the District of Columbia entered a final consent judgment against Mikhail Kokorich, the former CEO of Momentus, Inc. The entry of the consent judgment resolves all claims arising out of the SEC's July 13, 2021 complaint, which alleged that, in the lead-up to Momentus's de-SPAC transaction on August 11, 2021, Kokorich made misleading statements about the company's technology, as well as about national security risks and his immigration status.

Without admitting or denying the allegations in the SEC's complaint, Kokorich consented to the entry of a final judgment that permanently enjoins him from certain violations of Section 17(a)(2) and (3) of the Securities Act of 1933, orders him to pay a civil penalty of $2 million, and bars him from acting or serving as an officer or director of a public company for five years.

The SEC's litigation was conducted by Zachary Avallone and Jennifer Farer, assisted by Matthew Spitzer, and supervised by Melissa Armstrong and D. Mark Cave.