Intuitive Machines proposes $250M convertible note offering due 2030

Intuitive Machines, Inc.

Proposed $250M aggregate principal of convertible senior notes due 2030; initial purchasers option for additional $37.5M.
Notes mature Oct 1, 2030; convertible into cash, shares, or combination at company's election.
Net proceeds to fund capped call transactions and general corporate purposes including R&D and M&A.
Capped call transactions intended to reduce potential dilution upon conversion of notes.

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