$LUNR Intuitive Machines Announces Launch of Public Offering of its Class A Common Stock and Concurrent Private Placement
Posted: Dec 03, 2024
- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) is offering $65.0 million of shares of its Class A common stock
- A selling stockholder is also offering additional shares through the underwriters
- The company is also selling $10.0 million of shares in a private placement with Boryung Corporation
- The net proceeds will be used to acquire common units of Intuitive Machines, LLC for general corporate purposes
- BofA Securities, Cantor, Barclays, and Stifel are acting as lead book-running managers for the Offering
- The securities are being offered under an effective registration statement with the SEC
- This press release includes forward-looking statements and important factors affecting the company
- Contacts for investor and media inquiries are provided
What do people on Reddit think?
🚨 Reddit sentiment: mixed - While some comments are negative about the stock's sudden drop and the feeling of a loss, others see it as a buying opportunity and view the dilution impact as minor, indicating a divided sentiment. Summarized comments: - Concerns over LUNR stock dropping significantly after hours due to the announcement - Many users express regret about losing gains and feeling deceived - Some users explain that the market is overreacting to a small dilution percentage - There's confusion over the impact, with clarification that a minor share dilution is causing a chain reaction leading to further drops - Some users are seeing the drop as an opportunity to buy more shares and calls - Mixed opinions on whether to hold or continue buying, with some advising to hold if they liked the stock before Stock tickers discussed: $LUNR
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