Several years ago, the Committee on Foreign Investment in the United States, an intergovernmental agency, had considered Mr. Kokorich a security risk. Under the terms of the agreement, Momentus, Stable Road, its sponsor SRC-NI, and its chief executive, Brian Kabot, agreed to pay $8 million in penalties. Mr. Kokorich, a Russian citizen living in Switzerland, could not be immediately reached for comment. Thomas Gorman, his lawyer, said Mr. Kokorich “believes the firm has a bright future.”“The claims of the S.E.C. Stable Road raised about $172 million in an I.P.O.

Source: New York Times July 13, 2021 21:22 UTC