other material
confidence high
sentiment neutral
materiality 0.70
Intuitive Machines launches $65M public offering and $10M private placement to Boryung
Intuitive Machines, Inc.
- $65M underwritten public offering of Class A common stock; underwriters have 30-day option for additional $8.87M from company and $877.5K from selling stockholder.
- Concurrent $10M private placement to Boryung at public offering price, contingent on offering closing.
- Proceeds to be used to acquire newly-issued common units of Intuitive Machines OpCo for general corporate purposes including R&D and M&A.
- Offering led by BofA Securities, Cantor, Barclays, Stifel as joint book-runners.
- Updated risk factors filed as Exhibit 99.2; investors should review the risk factor update.