Intuitive Machines closes upsized public offering and private placement, netting ~$116.9M

Intuitive Machines, Inc.

Offering of 10,952,381 shares at $10.50/share completed Dec 5, including full exercise of underwriters’ option.
Net proceeds to Company from offering and concurrent private placement: ~$116.87 million after underwriting discounts.
Concurrent private placement with Boryung Corporation for 952,381 shares at the same public offering price.
Proceeds to be used to acquire newly-issued common units of Intuitive Machines OpCo for general corporate purposes.
Selling stockholder sold 152,857 shares; Company did not receive those proceeds.

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