secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001213900-24-026673
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Machines files S-3 registration with pro forma financials showing $64.3M pro forma cash after capital raises
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- Pro forma balance sheet as of Dec 31, 2023 shows $64.3M cash vs historical $4.5M after capital raises.
- Armistice Private Placement raised $20M; subsequent warrant exercises added ~$50.6M through Feb 2024.
- Loan conversion in Jan 2024: $10M contributed by Ghaffarian Enterprises for 3.5M shares and warrants.
- Pro forma net loss for 2023 is $60.5M after adjustments, vs historical net income of $15M.
- 21,000 shares of Series A Preferred Stock converted into 7.7M Class A common shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000121390024026673/0001213900-24-026673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000121390024026673/ea0202625-8k_intuitive.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-026673

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