20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Intuitive Machines, Inc. (NASDAQ:LUNR) shares are trading lower by 18.2% to $2.32 Thursday morning after the company announced the full exercise of an outstanding Series B Common Stock Purchase Warrant by an existing accredited investor, resulting in the purchase of approximately 4,705,883 shares of the Company’s Class A common stock.
In exchange for the exercise, the investor received a new unregistered Series A Common Stock Purchase Warrant and a new unregistered Series B Common Stock Purchase Warrant, collectively referred to as the “New Warrants.”
The New Series A Warrant becomes exercisable upon final stockholder approval, while the New Series B Warrant becomes exercisable upon receipt of final stockholder approval and has an 18-month expiration period.
The transaction generated gross proceeds of about $11.8 million for Intuitive Machines. Cantor Fitzgerald & Co. served as the exclusive-warrant inducement agent for the deal.
According to data from Benzinga Pro, LUNR has a 52-week high of $136.00 and a 52-week low of $2.09.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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