Inflection Point Acquisition Corp. terminates Forward Purchase Agreement for up to $50M with affiliates

Intuitive Machines, Inc.

Terminated Forward Purchase Agreement with Kingstown 1740 Fund and Kingfishers L.P. that allowed purchase of up to 5,000,000 shares at $10.00/share.
Termination follows execution of Securities Purchase Agreement with Intuitive Machines, LLC and others on Sept 16, 2022.
Company does not intend to ask Purchaser to buy any shares under the now-terminated Forward Purchase Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Intuitive Machines, Inc. terminated Forward Purchase Agreement with Kingstown 1740 Fund, L.P. and Kingfishers L.P. (effective 2022-11-30).

Action: termination
Agreement: equity purchase
Counterparty: Kingstown 1740 Fund, L.P. and Kingfishers L.P.
Effective: 2022-11-30

Exact text from the filing

Accordingly, on November 30, 2022, the Parties entered into a termination agreement (the “ Termination Agreement ”) to terminate the Forward Purchase Agreement.

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Intuitive Machines, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-077335

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