Intuitive Machines Prices Upsized $110.0 Million Offering of Shares of its Class A Common Stock and Concurrent Private Placement
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Intuitive Machines, Inc. announced the pricing of an upsized $110 million offering of its Class A common stock at $10.50 per share. The offering includes a 30-day option for underwriters to purchase additional shares. The closing is expected on December 5, 2024.
December 04, 2024 | 5:00 am
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Intuitive Machines has announced an upsized $110 million offering of its Class A common stock at $10.50 per share. This move could lead to short-term stock price fluctuations as the market absorbs the new shares.
The announcement of a stock offering often leads to a short-term decrease in stock price due to dilution concerns. The offering price of $10.50 per share sets a benchmark for the market, and the additional shares may increase supply, potentially putting downward pressure on the stock price.
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