Intuitive Machines issues 7.5M earn-out shares, redeems all warrants at $0.01

Intuitive Machines, Inc.

Issued 7.5M shares of Class C common stock to Altemus, Crain, Ghaffarian upon vesting of earn-out units.
Redeems all outstanding LUNRW warrants at $0.01/warrant; exercise price $11.50; redemption date March 6, 2025.
Redemption condition met: stock price >= $18 for 20 of 30 trading days ending Jan 30, 2025.
Michael Blitzer will exercise 1.8M warrants; company will repurchase 941,080 Class A shares for $20.7M to reduce dilution.

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