Intuitive Machines (NASDAQ: LUNR, LUNRW), a leading space exploration, infrastructure and services company, closed on its upsized offering of 10,952,381 shares of its Class A common stock, each at a price to the public of $10.50, for gross proceeds of $115 million, including the full exercise of the overallotment option. In addition, the company will issue 952,381 shares of Class A Common Stock to Boryung Corporation (together with its affiliates, “Boryung”), an accredited investor, at the public offering price pursuant to an agreement entered into with Boryung on Dec. 2, 2024, in a concurrent private placement. The company intends to use the net proceeds it receives from the offering and private placement, together with its existing cash, cash equivalents and short-term investment balance, to acquire an equivalent number of newly issued common units of Intuitive Machines LLC (“Intuitive Machines OpCo”) from Intuitive Machines OpCo, which Intuitive Machines OpCo will in turn use for general corporate purposes, including operations, research and development and potential mergers and acquisitions. Roth Capital Partners acted as book-running manager for the offering.

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About Intuitive Machines Inc.

Intuitive Machines is a diversified space exploration, infrastructure and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit IntuitiveMachines.com.

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