Intuitive Machines Closes $57.5M Public Offering

TL;DR

IM stock offering closed, raised $57.5M for space missions & tech.

AI Summary

Intuitive Machines, Inc. announced on December 2, 2024, the closing of a previously announced underwritten public offering of 11,500,000 shares of its common stock at a price of $5.00 per share. The offering resulted in gross proceeds of approximately $57.5 million before deducting underwriting discounts and commissions and other offering expenses. The company intends to use the net proceeds for general corporate purposes, including funding its ongoing space missions and developing new technologies.

Why It Matters

This capital infusion provides Intuitive Machines with significant funding to advance its space exploration and technology development initiatives, potentially accelerating its growth and market position.

Risk Assessment

Risk Level: medium — The company is raising capital through a public offering, which can dilute existing shareholders and indicates a need for funding to support operations and growth.

Key Numbers

• $57.5M — Gross Proceeds (Raised from the underwritten public offering before expenses.)
• $5.00 — Offering Price (Price per share for the common stock sold.)
• 11,500,000 — Shares Offered (Number of common stock shares sold in the offering.)

Key Players & Entities

• Intuitive Machines, Inc. (company) — Registrant
• December 2, 2024 (date) — Closing date of public offering
• $57.5 million (dollar_amount) — Gross proceeds from public offering
• $5.00 (dollar_amount) — Price per share in the offering
• 11,500,000 (dollar_amount) — Number of shares offered

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share LUNR The Nasdaq Stock Mar
• $11.50 — mon Stock, each at an exercise price of $11.50 per share LUNRW The Nasdaq Stock Ma
• $10.0 million — which the Company will sell to Boryung $10.0 million of shares of its Class A common stock,
• $65.0 million — t of an underwritten public offering of $65.0 million of shares of Class A Common Stock (the
• $8,872,500 — option to purchase up to an additional $8,872,500 and $877,500 of shares of Class A Commo
• $877,500 — hase up to an additional $8,872,500 and $877,500 of shares of Class A Common Stock from

Filing Documents

• d914160d8k.htm (8-K) — 40KB
• d914160dex991.htm (EX-99.1) — 16KB
• d914160dex992.htm (EX-99.2) — 31KB
• 0001193125-24-270035.txt ( ) — 266KB
• lunr-20241202.xsd (EX-101.SCH) — 4KB
• lunr-20241202_def.xml (EX-101.DEF) — 13KB
• lunr-20241202_lab.xml (EX-101.LAB) — 22KB
• lunr-20241202_pre.xml (EX-101.PRE) — 14KB
• d914160d8k_htm.xml (XML) — 6KB

Forward-Looking Statements

Forward-Looking Statements This current report on Form 8-K includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considered forward looking. These forward-looking statements generally are identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would," "strategy," "outlook," the negative of these words or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include but are not limited to statements regarding: our anticipated use of net proceeds from the Offering and the Private Placement; the terms and size of the Offering and the timing and manner of the Offering; the satisfaction of closing conditions related to the Private Placement; our expectations and plans relating to our lunar missions, including the expected timing of launch and our progress and preparation thereof; our expectations with respect to, among other things, demand for our product portfolio, our submission of bids for contracts; our expectations regarding revenue for government contracts awarded to us; our operations, our financial performance and our industry; our business strategy, business plan, and plans to drive long-term sustainable shareholder value; and our expectations on revenue and cash generation. These forward-looking statements reflect the Company's predictions, projections, or expectations based upon currently available information and data. Our actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertai

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated December 3, 2024 99.2 Supplemental Risk Factors 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTUITIVE MACHINES, INC. By: /s/ Pete McGrath Name: Pete McGrath Title: Chief Financial Officer and Senior Vice President Date December 3, 2024

View Full Filing

View this 8-K filing on SEC EDGAR