Intuitive Machines Announces Launch of Public Offering and Private Placement

Intuitive Machines, a leading space exploration, infrastructure, and services company, has announced the launch of a public offering of $65.0 million of its Class A common stock and a concurrent private placement of $10.0 million of shares of Class A Common Stock. The company intends to use the proceeds for general corporate purposes, including operations, research and development, and potential mergers and acquisitions. The offering is subject to market conditions and the satisfaction of certain closing conditions. BofA Securities, Cantor, Barclays, and Stifel are acting as the lead joint book-running managers for the offering.

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- RiteshTRiteshT
  ·2024-12-04
  How come it does not mention the price of the new shares being offered
  Intuitive Machines Stock Plunges on Stock Sale Plans
  Shares of Intuitive Machines retreated in postmarket trading after the company said it plans to sell shares of its common stock.The stock fell 12.4% to $12.39 in late trading on Tuesday after ending the market session down 2.8% at $14.15. The shares have registered a five-fold increase in price this year.The sale comes after Intuitive's stock reached a 52-week high of $17.14 on Nov. 29.The Houston-based space exploration, infrastructure and services company said it will sell $65 million of its C
  Intuitive Machines Stock Plunges on Stock Sale Plans
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Intuitive Machines Announces Launch of Public Offering and Private Placement

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Intuitive Machines Announces Launch of Public Offering of its Class A Common Stock and Concurrent Private Placement

Intuitive Machines Stock Plunges on Stock Sale Plans