Inflection Point Acquisition Corp. and Intuitive Machines, LLC Announce Closing of Business Combination; Intuitive Machines, Inc. to Trade on Nasdaq Under Ticker Symbols “LUNR” and “LUNRW”

HOUSTON & NEW YORK, February 13, 2023 –( BUSINESS WIRE )–Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, today announced the completion of its business combination with Inflection Point Acquisition Corp. ("Inflection Point") (Nasdaq: IPAX, IPAXU, IPAXW), a special purpose acquisition company traded on Nasdaq. Inflection Point’s shareholders approved the business combination at an extraordinary general meeting held on February 8, 2023. In connection with the closing of the business combination, Inflection Point has been renamed "Intuitive Machines, Inc." (the "Company" or "Intuitive Machines"). Commencing at the open of trading on February 14, 2023, Intuitive Machines’ common stock and warrants are expected to trade on Nasdaq under the ticker symbols "LUNR" and "LUNRW," respectively. "Intuitive Machines is playing a critical role in America’s return to the Moon by providing technologies and services to establish long-term lunar infrastructure and commerce," said Kam Ghaffarian, Ph. D., Co-Founder and Executive Chairman of Intuitive Machines. "This merger accelerates and strengthens Intuitive Machines’ strategic plan to help expedite a thriving commercial ecosystem for space for the benefit of human civilization." "We are excited to begin this new chapter as a publicly traded company," said Steve Altemus, Co-Founder, President, and Chief Executive […]

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