Blast Off! Intuitive Machines Secures $20M To Fuel Key Growth Programs
Portfolio Pulse from Shivani Kumaresan
Intuitive Machines Inc (NASDAQ:LUNR) has secured a $20 million equity investment from an institutional investor. The funds will be used for general corporate purposes and working capital needs. The company does not expect to utilize the previously disclosed $50 million Committed Equity Facility. The CEO mentioned the expected launch of lunar space development projects and the transition of NASA's $719 million OMES III contract.
September 01, 2023 | 2:26 pm
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Intuitive Machines Inc has received a $20 million equity investment, which will be used for corporate purposes and working capital. This could boost the company's financial stability and growth prospects.
The $20 million equity investment in Intuitive Machines Inc will provide the company with additional working capital, which could enhance its financial stability and support its growth programs. This is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price.
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