Intuitive Machines Announces Launch of Public Offering of its Class A Common Stock and Concurrent Private Placement
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Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) has announced a public offering of $65 million in Class A common stock, with an option for underwriters to purchase additional shares. The offering's completion is subject to market conditions.
December 03, 2024 | 9:30 pm
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Intuitive Machines is launching a $65 million public offering of its Class A common stock, potentially increasing the supply of shares and impacting stock price.
The announcement of a public offering typically increases the supply of shares, which can lead to a decrease in stock price if demand does not match the increased supply. The offering's completion is subject to market conditions, adding uncertainty.
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