---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-182718"
form_type: "8-K"
ticker: "LUNR"
cik: "0001844452"
company_name: "Intuitive Machines, Inc."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T12:02:07.571048+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Intuitive Machines closes $345M convertible note offering at 2.5%, due 2030

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-182718
- form_type: 8-K
- ticker: LUNR
- cik: 0001844452
- company_name: Intuitive Machines, Inc.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844452/000119312525182718/0001193125-25-182718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844452/000119312525182718/d73480d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-182718
- JSON: https://secwatch.observer/filing/0001193125-25-182718.json
- Plain text: https://secwatch.observer/filing/0001193125-25-182718.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844452/000119312525182718/0001193125-25-182718-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.