By Ben Glickman
Intuitive Machines revealed that its moon lander spacecraft had come down on its side. Chief Executive Stephen Altemus said at a press conference that the company believed the lander’s foot had caught on the surface of the moon while landing, causing it to tip over. Shares fell 36% to $6.10 after-hours.
Celularity will effect a 1-for-10 reverse stock split to regain compliance with the Nasdaq listing requirements. The split will become effective after the market closes Feb. 28. Shares dropped 3.7% to 45 cents in late trading.
Write to Ben Glickman at [email protected]
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