Intuitive Machines Announces Redemption of Outstanding Warrants

Highlight:
Feb 04, 2025 10:03 AM
Company Category Image Satellite / Space
Fillings Details Category Image Merger / DESPAC
Merger:
Feb 14, 2023

Show Chart?

Load external content from TradingView!

*You can change or withdraw your consent at any time in the footer under Cookies.

Industry:
SEARCH, DETECTION, NAVAGATION, GUIDANCE, AERONAUTICAL SYS
Market Cap.:
716.80 m.
Intuitive Machines Announces Redemption of Outstanding Warrants

Houston, TX – February 4, 2025 – Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) announced the redemption of all outstanding warrants to purchase its Class A common stock. The redemption price is $0.01 per warrant.

The company initiated the redemption because the Class A Common Stock's last sales price was at least $18.00 per share for 20 out of 30 trading days ending January 30, 2025, fulfilling a condition in the Warrant Agreement. Warrant holders have until 5:00 p.m. New York City time on March 6, 2025 to exercise their warrants at an exercise price of $11.50 per share; otherwise, they receive only the redemption price.

The company, its board, and employees are not making any recommendations to warrant holders regarding exercise. Shares underlying the warrants are registered under the Securities Act of 1933. Questions can be directed to Continental Stock Transfer & Trust Company.

About Intuitive Machines, Inc.:
Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on fundamentally disrupting lunar access economics. In 2024, Intuitive Machines successfully landed the Company’s Nova-C class lunar lander, Odysseus, on the Moon, returning the United States to the lunar surface for the first time since 1972. The Company’s products and services are offered through its four in-space business units: Lunar Access Services, Orbital Services, Lunar Data Services,...
Scroll to Top