QualityStocksNewsBreaks – Intuitive Machines Inc. (NASDAQ: LUNR) Closes $115M Offering
Intuitive Machines (NASDAQ: LUNR, LUNRW), a leading space exploration, infrastructure and services company, closed on its upsized offering of 10,952,381 shares of its Class A common stock, each at a price to the public of $10.50, for gross proceeds of $115 million, including the full exercise of the overallotment option. In addition, the company will issue 952,381 shares of Class A Common Stock to Boryung Corporation (together with its affiliates, “Boryung”), an accredited investor, at the public offering price pursuant to an agreement entered into with Boryung on Dec. 2, 2024, in a concurrent private placement. The company intends to…
