---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-009994"
form_type: "8-K"
ticker: "LUNR"
cik: "0001844452"
company_name: "Intuitive Machines, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:22:04.561629+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Inflection Point secures up to 2.5M shares via forward purchase agreements for Intuitive Machines merger

## Summary
- Each seller (Polar Multi-Strategy Master Fund and The HGC Fund LP) may hold up to 1,250,000 IPAX shares.
- Prepayment from trust account equals Redemption Price plus $0.30 per share, paid within one business day after closing.
- Forward Purchase Agreement matures one month after close; sellers may terminate early under certain conditions.
- Counterparty to file resale registration statement within 45 days after close and seek effectiveness within 60–90 days.
- Sellers waive redemption rights for FPA shares except if performance becomes unlawful or a material adverse change occurs.

## SEC filing metadata
- accession: 0001213900-23-009994
- form_type: 8-K
- ticker: LUNR
- cik: 0001844452
- company_name: Intuitive Machines, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844452/000121390023009994/0001213900-23-009994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844452/000121390023009994/ea173115-8k425_inflect.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-009994
- JSON: https://secwatch.observer/filing/0001213900-23-009994.json
- Plain text: https://secwatch.observer/filing/0001213900-23-009994.txt

## Key facts
- Material Agreements
  Intuitive Machines, Inc. entered into Forward Purchase Agreement with Polar Multi-Strategy Master Fund and The HGC Fund LP valued at Equity Prepaid Forward Transactions under which each Seller agreed to hold up to 1,250,000 Class A o (effective 2023-02-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Polar Multi-Strategy Master Fund and The HGC Fund LP
  - Value: Equity Prepaid Forward Transactions under which each Seller agreed to hold up to 1,250,000 Class A o
  - Effective: 2023-02-09
  source text: On February 9, 2023, Inflection Point and Intuitive Machines entered into separate agreements (each, a “Forward Purchase Agreement, and together, the “Forward Purchase Agreements”) with each of Polar Multi-Strategy Master Fund (“Polar”) and The HGC Fund LP (“HGC” and, each of Polar and HCG, individually, a “Seller” and, together, the “Sellers”) for over-the-counter Equity Prepaid Forward Transactions (each, a “Forward Purchase Transaction” and, together, the “Forward Purchase Transactions”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844452/000121390023009994/0001213900-23-009994-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.