secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001213900-23-011495
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 2.01, 5.06, 3.02, 9.01, 3.03, 4.01, 5.01, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Machines completes de-SPAC; $279.9M trust redeemed, $26M Series A placed, LUNR begins trading
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- Business combination closed on Feb 13, 2023; IPAX domesticated to Delaware and renamed Intuitive Machines, Inc.
- $26.0M of Series A Cumulative Convertible Preferred Stock issued at $15.00 warrant exercise price.
- Approximately 27.5M IPAX shares redeemed for $279.9M ($10.1843/share); Forward Purchase Agreements for up to 1.25M shares each with Polar and HGC.
- Post-combination ownership: public ~3.2%, OpCo members ~83.2%, Sponsor ~13.6%.
- Intuitive Machines Class A (LUNR) and Warrants (LUNRW) began trading on Nasdaq on Feb 14, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023011495/0001213900-23-011495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023011495/ea173246-8k_intuitive.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-011495

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer