Intuitive Machines’ stock price (LUNR) is down 16.33% in the pre-market session, after company has priced its public offering of 9.52 million shares at $10.50.
With LUNR closing yesterday’s regular session at $14.15, the offering is significantly below price-action, and has brought the space exploration and infrastructure company back down to Earth after gains of almost 500% so far this year.
The company’s market capitalization currently stands at $1.99 billion, with the 50-day moving average of the stock priced at $9.62.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
This combined approach is anticipated to generate net proceeds of approximately $104.25 million. The funds will support the company’s ongoing developments and strategies to enhance operational capabilities in space exploration.
The public offering is managed by several underwriters, including BofA Securities, Cantor Fitzgerald, Barclays, Stifel, and Roth Capital Partners. This strategic move aims to facilitate the acquisition of an equivalent number of newly-issued common units from Intuitive Machines OpCo, reflecting the company’s efforts to strengthen its financial base.
Intuitive Machines’ decision to offer shares publicly, alongside a private placement, is a tactical approach to reinforcing its capital structure.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
