secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001213900-23-009994
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023009994/0001213900-23-009994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023009994/ea173115-8k425_inflect.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009994

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