| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Private Target Merger | |
| Acquirer | Inflection Point Acquisition Corp. | |
| Public | Yes | |
| Industry | Financial Institutions (banks, insurance, diversified) | |
| Private equity sponsorship | No | |
| Target | Intuitive Machines, LLC | |
| Public | No | |
| Industry | Business Services | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | September 16, 2022 | |
| Transaction value | $815 million | |
| Form of consideration | Mixed (cash and equity) | |
| Type of merger | Other (including double-dummy) | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Latham & Watkins LLP | |
| Individual attorney(s) |
Rachel W. Sheridan; Nick S. Dhesi |
|
| Acquirer Counsel | ||
| Law firm #1 | White & Case LLP | |
| Individual attorney(s) |
Joel Rubinstein; Matthew Kautz |
|
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | J.P. Morgan Securities LLC | |
| Acquirer Financial Advisors | ||
| Financial advisor #1 | Cantor Fitzgerald & Co. | |