secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001844452-24-000016
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Machines repays $10M credit line; issues 3.5M shares and warrants to Ghaffarian
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- Ghaffarian Enterprises contributed $10M to repay Pershing LLC credit line in full.
- Company issued 3,487,278 Class A shares at $2.87 per share to Ghaffarian.
- Issued Series A and B warrants to Ghaffarian, each for up to 4,150,780 shares at $2.57 exercise price.
- OpCo issued mirror warrants exercisable contingent on warrant exercises.
- Transaction approved by conflicts committee of independent directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000184445224000016/0001844452-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000184445224000016/lunr-20240128.htm
  HTML page:      https://secwatch.observer/filing/0001844452-24-000016

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