Intuitive Machines raises ~$20M via private placement of shares and warrants

Intuitive Machines, Inc.

Private placement of 4.7M shares at $4.25/share and 9.4M warrants at $4.75 exercise price to one institutional investor.
Expected close on or about September 5, 2023, subject to customary conditions.
Net proceeds for general corporate purposes and working capital as company ramps key growth programs.
Company to file resale registration statement for the securities sold.

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