Ghaffarian Group Amends Intuitive Machines Stake Filing
Ticker: LUNR · Form: SC 13D/A · Filed: Sep 16, 2024 · CIK: 1844452
Sentiment: neutral
Topics: 13D-filing, ownership-change, sec-filing
Related Tickers: IMCC
TL;DR
Ghaffarian group updated their 13D filing for IMCC. Watch for details on ownership changes.
AI Summary
Kamal Seyed Ghaffarian, through Ghaffarian Enterprises, LLC, GM Enterprises, LLC, and Intuitive Machines KG Parent, LLC, has amended their Schedule 13D filing for Intuitive Machines, Inc. as of September 12, 2024. This filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in the provided text. The filing is an amendment to a previous filing concerning the Class A Common Stock of Intuitive Machines, Inc.
Why It Matters
Changes in beneficial ownership filings like this can signal shifts in major shareholder influence or strategy, potentially impacting the stock's performance.
Risk Assessment
Risk Level: medium — Amendments to 13D filings can indicate significant changes in a major shareholder's position, which may lead to increased volatility.
Key Players & Entities
- Kamal Seyed Ghaffarian (person) — Filing person and authorized contact
- Ghaffarian Enterprises, LLC (company) — Group member
- GM Enterprises, LLC (company) — Group member
- Intuitive Machines KG Parent, LLC (company) — Group member
- Intuitive Machines, Inc. (company) — Subject company
- Inflection Point Acquisition Corp. (company) — Former company name
FAQ
What is the specific nature of the change in beneficial ownership being reported in this Amendment No. 3?
The provided text does not specify the exact changes in beneficial ownership, only that an amendment to Schedule 13D has been filed.
Who are the members of the group filing this Schedule 13D/A?
The group members are Ghaffarian Enterprises, LLC, GM Enterprises, LLC, and Intuitive Machines KG Parent, LLC.
What is the CUSIP number for Intuitive Machines, Inc. Class A Common Stock?
The CUSIP number is 46125A100.
When was the event that required this filing to be made?
The date of the event which requires filing of this statement is September 12, 2024.
What was the former name of Intuitive Machines, Inc.?
The former name was Inflection Point Acquisition Corp., with a date of name change on February 4, 2021.
Filing Stats: 1,630 words · 7 min read · ~5 pages · Grade level 14.3 · Accepted 2024-09-16 21:01:57
Key Financial Figures
- $0.0001 — to the Class A common stock, par value $0.0001 per share (the “Class A Common St
- $5.63 — s of Class A Common Stock at a price of $5.63 per share in a privately negotiated tra
Filing Documents
- ea0214658-13da3ghaff_intuit.htm (SC 13D/A) — 107KB
- 0001213900-24-079126.txt ( ) — 108KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
of the Schedule 13D is hereby amended and restated in its entirety
Item 5 of the Schedule 13D is hereby amended and restated in its entirety with the following: (a)– (b) The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 62,923,974 shares of Class A Common Stock outstanding as of August 7, 2024, as disclosed in the Issuer’s quarterly report on Form 10-Q, as filed with the Securities and Exchange Commission on August 13, 2024. Reporting Person Amount beneficially owned Percent of class: Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Kamal Seyed Ghaffarian 46,456,637 43.9 % 67,434 46,389,203 67,434 46,389,203 Ghaffarian Enterprises, LLC 42,606,274 41.8 % 0 42,606,274 0 42,606,274 Intuitive Machines KG Parent, LLC 1,541,809 2.4 % 0 1,541,809 0 1,541,809 GM Enterprises, LLC 2,241,120 3.4 % 0 2,241,120 0 2,241,120 The securities reported herein include (i) 42,894,435 Common Units, which may be redeemed for shares of Class A Common Stock on a one-to-one basis, of which 39,111,506 Common Units are held by Ghaffarian Enterprises, LLC, 1,541,809 Common Units are held by Intuitive Machines KG Parent, LLC and 2,241,120 Common Units are held by GM Enterprises, LLC; (ii) 3,494,768 shares of Class A Common Stock held directly by Ghaffarian Enterprises, LLC; and (iii) 67,434 shares of Class A Common Stock held directly by Dr. Ghaffarian. CUS
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : September 16, 2024 Kamal Seyed Ghaffarian /s/ Kamal Seyed Ghaffarian Ghaffarian Enterprises, LLC By: /s/ Kamal Seyed Ghaffarian Name: Kamal Seyed Ghaffarian Title: Trustee of the Sole Member Intuitive Machines KG Parent, LLC By: /s/ Kamal Seyed Ghaffarian Name: Kamal Seyed Ghaffarian Title: Trustee of the Sole Managing Member GM Enterprises, LLC By: /s/ Kamal Seyed Ghaffarian Name: Kamal Seyed Ghaffarian Title: Trustee of the Sole Managing Member