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The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"In connection with the Business Combination, and in accordance with the Merger Agreement, an option to purchase 1,000,000 shares of Class A Common Stock of Legacy Momentus held by the Reporting Person was converted into an option to purchase 246,855 shares of Class A Common Stock of the Issuer. 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