secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K/A
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001213900-23-011809
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
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 merger; 27.5M shares redeemed, starts trading LUNR
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- Closed business combination with IPAX on Feb 13, 2023; now trades as LUNR (Class A) and LUNRW (warrants) on Nasdaq.
- 27,481,818 IPAX shares redeemed for ~$279.9M ($10.1843/share); 13.7M Class A shares and 23.3M warrants outstanding.
- Received $26M Series A convertible preferred investment; entered forward purchase agreements with Polar and HGC for up to 1.25M shares each.
- Post-close ownership: legacy Intuitive Machines members ~83.2%, sponsor ~13.6%, public ~3.2%.
- Entered tax receivable, lock-up, registration rights, and indemnification agreements as part of the transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023011809/0001213900-23-011809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000121390023011809/ea173674-8ka1_intuitive.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-011809

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