Intuitive Machines Announces Redemption of Outstanding Warrants
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Canaccord Genuity Reiterates Buy Rating on Intuitive Machines Inc. (LUNR)
February 5, 2025 12:20 PM ESTCanaccord Genuity analyst Austin Moeller reiterated a Buy rating and $26.00 price target on Intuitive Machines Inc. (NASDAQ: LUNR)
The analyst comments "Intuitive Machines (LUNR) announced that it will be redeeming all of its outstanding warrants that remain unexercised as of 5:00 p.m. EST on March 6th, 2025. The company has elected to call all outstanding warrants in an effort to further simplify its capital structure and generate additional cash to fund ongoing operations. When Intuitive Machines initially went public the company issued 23,332,500 warrants to purchase shares of its Class A common stock at an... More
