Intuitive Machines, Inc. dismissed Marcum LLP as its auditor.
“On February 13, 2023, the Audit Committee dismissed Marcum LLP (“Marcum”), IPAX’s independent registered public accounting firm prior to consummation of the Transactions, as Intuitive Machines’ independent registered public accounting firm effective immediately following the filing of Intuitive Machines’ annual report on Form 10-K for the year ended December 31, 2022”
Material Agreements
Intuitive Machines, Inc. entered into Forward Purchase Agreement with Polar Multi-Strategy Master Fund and The HGC Fund LP valued at Equity Prepaid Forward Transactions under which each Seller agreed to hold up to 1,250,000 Class A o (effective 2023-02-09).
“On February 9, 2023, Inflection Point and Intuitive Machines entered into separate agreements (each, a “Forward Purchase Agreement, and together, the “Forward Purchase Agreements”) with each of Polar Multi-Strategy Master Fund (“Polar”) and The HGC Fund LP (“HGC” and, each of Polar and HCG, individually, a “Seller” and, together, the “Sellers”) for over-the-counter Equity Prepaid Forward Transactions (each, a “Forward Purchase Transaction” and, together, the “Forward Purchase Transactions”).”
Shareholder Votes
Intuitive Machines, Inc. shareholders rejected Advisory Organizational Documents Proposal 5A: Authorization of capital stock at the 2023-02-08 meeting.
“A. Advisory Organizational Documents Proposal 5A. Under the Proposed Organizational Documents, New Intuitive Machines would be authorized to issue (A) 500,000,000 shares of Class A common stock”
Shareholder Votes
Intuitive Machines, Inc. shareholders approved The Organizational Documents Proposal at the 2023-02-08 meeting.
“4. The Organizational Documents Proposal. To consider and vote upon a proposal to approve, by special resolution, the Proposed Certificate of Incorporation and the proposed new by-laws”
Shareholder Votes
Intuitive Machines, Inc. shareholders approved The Stock Issuance Proposal at the 2023-02-08 meeting.
“3. Stock Issuance Proposal. To consider and vote upon a proposal to approve, by ordinary resolution, for purposes of complying with the applicable provisions of Nasdaq Listing Rules 5635(a) and (b), the issuance of New Intuitive Machines Common Stock”
Shareholder Votes
Intuitive Machines, Inc. shareholders approved The Domestication Proposal at the 2023-02-08 meeting.
“2. The Domestication Proposal. To consider and vote upon a proposal to approve, by special resolution, a change in the corporate structure and domicile of Inflection Point”
Shareholder Votes
Intuitive Machines, Inc. shareholders approved The Business Combination Proposal at the 2023-02-08 meeting.
“The Business Combination Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 23,583,061 10,170,081 10”
Material Agreements
Intuitive Machines, Inc. terminated Forward Purchase Agreement with Kingstown 1740 Fund, L.P. and Kingfishers L.P. (effective 2022-11-30).
“Accordingly, on November 30, 2022, the Parties entered into a termination agreement (the “ Termination Agreement ”) to terminate the Forward Purchase Agreement.”
Brian Pitz resigned as Chief Financial Officer at Intuitive Machines, Inc..
“In connection with such appointment, Brian Pitz resigned his roles as member of the Audit Committee and member of the Board. Mr. Pitz will remain Chief Financial Officer.”
Erin Clift was appointed as Director at Intuitive Machines, Inc..
“On September 21, 2022, the board of directors (the “ Board ”) of Inflection Point Acquisition Corp. (the “ Company ”) appointed Erin Clift to the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.