<a href="https://laohu8.com/S/LUNR">Intuitive Machines</a> Inc. Announces Launch of $300 Million Convertible Senior Notes Offering Due 2030
Intuitive Machines Inc. has announced the upsize and pricing of a private offering of $300 million in Convertible Senior Notes due 2030. Prior to October 6, 2028, the company will not have the option to redeem these notes. However, starting from this date and before the 26th trading day preceding the maturity date, Intuitive Machines may choose to redeem the notes for cash, provided certain conditions are met, including the stock price surpassing 130% of the conversion price for a specific period. Noteholders will have the opportunity to convert their notes into shares of Intuitive Machines' Class A common stock, with the conversion rate initially set at 76.2631 shares per $1,000 principal amount of notes. This offering is exclusive to qualified institutional buyers under Rule 144A, with no registration under the Securities Act.
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