secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001844452-24-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Machines secures $10M short-term credit facility due Feb 22, 2024
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- Credit facility of up to $10M from Pershing LLC (BNY Mellon affiliate) for working capital.
- Interest at Fed Funds Rate with 5.5% floor plus 0.9% margin; maturity Feb 22, 2024.
- Ghaffarian Enterprises provided credit support backed by marketable securities.
- Intuitive Machines agreed to pay a $148K credit support fee to Ghaffarian Enterprises.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/0001844452-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000184445224000008/lunr-20240116.htm
  HTML page:      https://secwatch.observer/filing/0001844452-24-000008

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