Intuitive Machines (LUNR) Completes IPO, Starts Trading
Ticker: LUNR · Form: 8-K · Filed: Mar 27, 2024 · CIK: 1844452
Sentiment: neutral
Topics: ipo, listing, spac
TL;DR
LUNR is officially public! IPO complete, trading on Nasdaq now.
AI Summary
On March 27, 2024, Intuitive Machines, Inc. filed an 8-K report detailing the completion of its initial public offering (IPO) and the commencement of trading of its Class A common stock and warrants on the Nasdaq Capital Market under the tickers LUNR and LUNRW, respectively. The company previously operated as Inflection Point Acquisition Corp. before changing its name on February 4, 2021.
Why It Matters
This filing marks the official transition of Intuitive Machines into a publicly traded company, making its stock and warrants available for public investment and signaling a new phase of growth and scrutiny.
Risk Assessment
Risk Level: medium — As a newly public company with a focus on advanced technology, Intuitive Machines faces inherent risks related to market adoption, technological execution, and competitive pressures.
Key Players & Entities
- Intuitive Machines, Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Exchange where securities trade
- LUNR (company) — Ticker symbol for Class Common Stock
- LUNRW (company) — Ticker symbol for Warrants
- Inflection Point Acquisition Corp. (company) — Former company name
- February 4, 2021 (date) — Date of name change
- March 27, 2024 (date) — Date of report and earliest event
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report the completion of Intuitive Machines, Inc.'s initial public offering and the commencement of trading for its Class A common stock and warrants on the Nasdaq Capital Market.
What are the ticker symbols for Intuitive Machines' securities trading on the Nasdaq?
The ticker symbol for its Class A common stock is LUNR, and the ticker symbol for its warrants is LUNRW.
When did Intuitive Machines, Inc. change its name from Inflection Point Acquisition Corp.?
Intuitive Machines, Inc. changed its name from Inflection Point Acquisition Corp. on February 4, 2021.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is March 27, 2024.
On which exchange are Intuitive Machines' securities now trading?
Intuitive Machines' securities are now trading on the Nasdaq Capital Market.
Filing Stats: 456 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-03-27 17:23:44
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share LUNR The Nasdaq Stock Mar
- $11.50 — mon Stock, each at an exercise price of $11.50 per share LUNRW The Nasdaq Stock Ma
Filing Documents
- ea0202625-8k_intuitive.htm (8-K) — 38KB
- ea020262501ex99-1_intuitive.htm (EX-99.1) — 161KB
- 0001213900-24-026673.txt ( ) — 432KB
- lunr-20240327_def.xml (EX-101.DEF) — 26KB
- lunr-20240327_lab.xml (EX-101.LAB) — 36KB
- lunr-20240327_pre.xml (EX-101.PRE) — 25KB
- lunr-20240327.xsd (EX-101.SCH) — 4KB
- ea0202625-8k_intuitive_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTUITIVE MACHINES, INC. Date: March 27, 2024 By: /s/ Stephen Altemus Name: Stephen Altemus Title: President and Chief Executive Officer 2