Intuitive Machines, Inc. (LUNR): debt financing — Intuitive Machines closes $345M convertible note offering at 2.5%, due 2030

Intuitive Machines, Inc.

Aggregate $345M principal, upsized from $250M; includes full exercise of $45M greenshoe.
Net proceeds ~$335.5M; $36.8M used for capped call transactions to reduce dilution.
Conversion price $13.1125 per share, 25% premium over $10.49 close on Aug 13, 2025.
Notes mature Oct 1, 2030; 2.5% interest semiannually, first payment Apr 1, 2026.
Remaining proceeds for general corporate purposes, including R&D and potential acquisitions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Intuitive Machines, Inc. incurred convertible notes of $345.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.500% per year maturing October 1, 2030.

Instrument: convertible notes
Principal: $345.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 2.500% per year
Maturity: October 1, 2030
Event: incurrence

Exact text from the filing

On August 18, 2025, Intuitive Machines, Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $345.0 million aggregate principal amount of 2.500% Convertible Senior Notes due 2030 (the “Notes”), which includes the exercise in full of the initial purchasers’ option to purchase up to an additional $45.0 million principal amount of the Notes.

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Intuitive Machines, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-182718

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