Intuitive Machines Announces Redemption of Outstanding Warrants

Core Viewpoint - Intuitive Machines, Inc. has announced the redemption of all outstanding warrants to purchase shares of its Class A common stock, with a redemption price of $0.01 per warrant, effective March 6, 2025 [1][3]. Group 1: Redemption Details - The company has delivered a notice of redemption for all outstanding warrants, which were issued under the Warrant Agreement dated September 21, 2021 [1][2]. - The redemption price for the warrants is set at$0.01 each, and any unexercised warrants will become void after the redemption date [1][3]. - Holders of the warrants can exercise them until 5:00 p.m. New York City time on the redemption date at an exercise price of $11.50 per share [3]. Group 2: Stock Performance Criteria - The company has the right to redeem the outstanding warrants if the last sales price of the Class A common stock is at least$18.00 per share for any 20 trading days within a 30-day trading period [2]. - The last sales price of the Class A common stock met this criterion, being at least $18.00 per share for the required trading days ending January 30, 2025 [2]. Group 3: Company Overview - Intuitive Machines is a diversified space exploration, infrastructure, and services company focused on lunar access economics [8]. - The company successfully landed its Nova-C class lunar lander, Odysseus, on the Moon in 2024, marking the return of the United States to the lunar surface for the first time since 1972 [8].