Upgrade to SI Premium - Free Trial

Intuitive Machines files sales agreement for up to $500 million stock offering

June 3, 2026 6:10 AM

Intuitive Machines Inc. (NASDAQ: LUNR) filed a sales agreement with the Securities and Exchange Commission for an at-the-market stock offering of up to $500 million in gross proceeds.

The agreement involves ten financial institutions serving as agents, including Barclays Capital Inc., Cantor Fitzgerald & Co., B. Riley Securities Inc., and Deutsche Bank Securities Inc., among others. The company will pay the agents a commission of up to 3% of the sales price per share sold under the agreement.

The stock offering operates under a registration statement that became effective June 2, 2026, allowing the company to sell shares of its Class A common stock from time to time through the designated agents. The shares carry a par value of $0.0001 each.

The sales agreement includes standard representations, warranties, and indemnification obligations between Intuitive Machines and the agent firms. The company has also agreed to reimburse certain expenses incurred by the agents in connection with the agreement.

The filing was made through a Form 8-K current report, with the complete sales agreement included as an exhibit. All share sales will be conducted pursuant to the previously filed registration statement and associated prospectus documents.

Categories

Corporate News Equity Offerings

Next Articles