Oct. 24 at 4:49 PM
$LUNR — for the new investors and rookies….
Convertible Notes: In August 2025, Intuitive Machines raised capital through a convertible debt offering, with terms that allow bondholders to convert their notes into LUNR stock.
Initial Conversion Price: The price at which these notes can be converted into shares was set at approximately
$13.11.
Premium: This
$13.11 conversion price was a 25% premium over LUNR's closing price on the day before the offering was announced.
Dilution: The conversion price of
$13.11 sets a potential threshold for future dilution of LUNR's existing shares. If the stock price rises and is trading above
$13.11, investors may convert their bonds, which would increase the number of shares outstanding.
Company Actions: To offset potential dilution, the company also purchased capped calls, which are derivative transactions