Intuitive Machines Shares Slide After $500M ATM Filing Sparks Dilution Fears
Intuitive Machines shares tumbled in morning trading after the company filed to sell up to $500 million of common stock through an at-the-market program. The sales agreement with ten financial institutions, including Barclays Capital, Cantor Fitzgerald and Deutsche Bank Securities, and commissions of up to 3% heightened investor concern about dilut…