Intuitive Machines (LUNR) Announces Warrant Redemption

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.