Intuitive Machines Prices Upsized $110.0 Million Offering of Shares of its Class A Common Stock and Concurrent Private Placement

Core Viewpoint - Intuitive Machines, Inc. has announced an upsized public offering of 9,523,810 shares of its Class A common stock at a price of $10.50 per share, aiming to raise approximately $104.25 million in net proceeds for corporate purposes, including operations and potential mergers and acquisitions [1][3]. Group 1: Offering Details - The public offering includes a 30-day option for underwriters to purchase additional shares, totaling up to 1,275,714 shares from the Company and 152,857 shares from a selling stockholder [1]. - A concurrent private placement will issue 952,381 shares to Boryung Corporation at the same public offering price, contingent upon the completion of the public offering [2]. Group 2: Use of Proceeds - The net proceeds from both the public offering and private placement will be utilized to acquire newly-issued common units of Intuitive Machines, LLC, which will support general corporate purposes, including operations, research and development, and potential mergers and acquisitions [3]. Group 3: Underwriters and Management - BofA Securities, Cantor, Barclays, and Stifel are acting as lead joint book-running managers for the offering, with Roth Capital Partners and B. Riley Securities also serving as book-running managers [4]. Group 4: Company Overview - Intuitive Machines is a diversified space exploration and services company focused on lunar access, having successfully landed its Nova-C class lunar lander on the Moon in 2024, marking a significant achievement for U.S. lunar exploration [8].