secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001844452-25-000005
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000184445225000005/0001844452-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000184445225000005/lunr-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001844452-25-000005

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