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.

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