InvestmentJun 3, 2026, 06:07 AM
Intuitive Machines Establishes $500M At-The-Market Equity Offering
AI Summary
Intuitive Machines, Inc. has entered into a Sales Agreement to establish an At-The-Market (ATM) equity offering program. This program allows the company to offer and sell shares of its Class A common stock for aggregate gross proceeds of up to $500.0 million. The sales will be conducted through several agents, including Barclays Capital Inc. and Cantor Fitzgerald & Co., with the company agreeing to pay a commission of up to 3.0% on sales.
Key Highlights
- Intuitive Machines established an At-The-Market (ATM) equity offering program.
- The program allows for the sale of Class A common stock for up to $500.0 million in gross proceeds.
- Barclays Capital Inc., Cantor Fitzgerald & Co., and others will act as sales agents.
- The company will pay the agents a commission of up to 3.0% of the sales price per share.
- The Registration Statement on Form S-3 became effective on June 2, 2026.
Price Impact
More from LUNR