Ghaffarian Amends Intuitive Machines Stake Filing
Ticker: LUNR · Form: SC 13D/A · Filed: Sep 25, 2024 · CIK: 1844452
Sentiment: neutral
Topics: 13D-filing, amendment, shareholder-activity
Related Tickers: IMCC
TL;DR
Ghaffarian group updated their 13D filing for IMCC. Watch for potential moves.
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 23, 2024. This amendment, the fourth to the filing, indicates a change in the reporting person's holdings or intentions regarding the company's Class A Common Stock.
Why It Matters
Amendments to Schedule 13D filings often signal significant changes in a major shareholder's position or strategy, potentially impacting the stock price and corporate governance of Intuitive Machines, Inc.
Risk Assessment
Risk Level: medium — Schedule 13D filings, especially amendments, can indicate shifts in significant shareholder influence or potential activism, warranting close monitoring.
Key Players & Entities
- Kamal Seyed Ghaffarian (person) — Reporting Person
- 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 reported in Amendment No. 4 to Schedule 13D?
The filing does not detail the specific changes in holdings or intentions in the provided text, only that it is an amendment to the Schedule 13D.
Who are the members of the reporting group filing this Schedule 13D/A?
The reporting group consists of 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 requiring this filing amendment?
The date of the event which requires filing of this statement is September 23, 2024.
What was the former name of Intuitive Machines, Inc.?
The former name of Intuitive Machines, Inc. was Inflection Point Acquisition Corp., with a name change date of February 4, 2021.
Filing Stats: 1,550 words · 6 min read · ~5 pages · Grade level 14.9 · Accepted 2024-09-25 16:31:02
Key Financial Figures
- $0.0001 — to the Class A common stock, par value $0.0001 per share (the “Class A Common St
- $8.3144 — Stock with a weighted average price of $8.3144 per share on September 23, 2024 in open
Filing Documents
- ea021557402-13da4ghaff_int.htm (SC 13D/A) — 103KB
- 0001213900-24-081818.txt ( ) — 105KB
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 45,448,709 43.3 % 67,434 45,381,275 67,434 45,381,275 Ghaffarian Enterprises, LLC 41,598,346 41.2 % 0 41,598,346 0 41,598,346 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) 41,886,507 Common Units, which may be redeemed for shares of Class A Common Stock on a one-to-one basis, of which 38,103,578 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.
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 25, 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