Intuitive Machines, Inc.
Intuitive Machines Completes Upsized Public Offering and Private Placement
Summary
On December 5, 2024, Intuitive Machines, Inc. completed an upsized public offering of 10,952,381 shares of its Class A common stock at a price of $10.50 per share, raising approximately $116.87 million in net proceeds. The company also completed a concurrent private placement of 952,381 shares to Boryung Corporation at the same price. The proceeds will be used for acquiring common units of Intuitive Machines, LLC for general corporate purposes.
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Exhibits (3)
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About Intuitive Machines, Inc.
Intuitive Machines, Inc. is a pioneering aerospace company specialized in the development of advanced space technologies. Primarily focused on lunar exploration, the company plays a crucial role in delivering scientific and commercial payloads to the moon as part of NASA's Artemis program. Their lander crafts and propulsion systems are designed to endure the harsh conditions of lunar landscapes, facilitating a variety of missions aimed at resource utilization, scientific research, and technology demonstrations. With a strong emphasis on engineering innovation, Intuitive Machines contributes to sectors such as commercial space travel, satellite communications, and national defense. Headquartered in Houston, Texas, the company aims to increase human presence and activity on the Moon, thereby significantly impacting the burgeoning space economy. Intuitive Machines is at the forefront of developing technologies that not only reach new celestial milestones but also enhance our understanding and capabilities in outer space.
Official SEC Documents
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