Intuitive Machines completes warrant redemption, raises ~$148M; cash reaches $385M

Intuitive Machines, Inc.

Completed redemption of ~19.4M warrants; ~12.87M exercised at $11.50 for ~$148M cash proceeds.
Redeemed ~6.57M remaining warrants at $0.01 each; no warrants outstanding, delisted from Nasdaq.
Cash balance post-redemption ~$385M; also entered $40M undrawn revolving credit facility with Stifel Bank.
Michael Blitzer exercised 1.8M warrants; company bought back 941,080 shares from him for $20.7M.
Company believes elimination of warrants and new revolver indicate maturing capital structure.

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