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BRIEF-Intuitive Machines To List On NASDAQ Through Merger With Inflection Point Acquisition

Reuters
2022/09/16

Sept 16 (Reuters) - Inflection Point Acquisition Corp

:

* INTUITIVE MACHINES, A LEADING SPACE EXPLORATION COMPANY, TO LIST ON NASDAQ THROUGH MERGER WITH INFLECTION POINT ACQUISITION CORP.

* INTUITIVE MACHINES, A LEADING SPACE EXPLORATION COMPANY, TO LIST ON NASDAQ THROUGH MERGER WITH INFLECTION POINT ACQUISITION CORP.

* INFLECTION POINT ACQUISITION CORP - INTUITIVE MACHINES IS EXPECTED TO HAVE A PRO FORMA EQUITY VALUE OF MORE THAN $1 BILLION,

* INFLECTION POINT ACQUISITION CORP - PRO FORMA IMPLIED ENTERPRISE VALUE OF COMBINED COMPANY IS APPROXIMATELY $815 MILLION,

* INFLECTION POINT ACQUISITION CORP - INTUITIVE MACHINES' SHAREHOLDERS WILL ROLL 100% OF THEIR EXISTING EQUITY HOLDINGS INTO COMBINED COMPANY

* INFLECTION POINT ACQUISITION CORP - INTUITIVE MACHINES' SHAREHOLDERS WILL ROLL 100% OF THEIR EXISTING EQUITY HOLDINGS INTO COMBINED COMPANY.

* INFLECTION POINT ACQUISITION - $55 MILLION IN COMMITTED CAPITAL AND A $50 MILLION EQUITY FACILITY HAS BEEN SECURED IN CONJUNCTION WITH BUSINESS COMBINATION

* INFLECTION POINT ACQUISITION - BOARD OF DIRECTORS OF CO & BOARD OF MANAGERS OF INTUITIVE MACHINES HAVE BOTH UNANIMOUSLY APPROVED PROPOSED TRANSACTION

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((Reuters.Briefs@thomsonreuters.com;))

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