Latham & Watkins Advises Intuitive Machines on Merger With Inflection Point Acquisition Corp.
Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, has 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. In connection with the closing of the business combination, Inflection Point has been renamed “Intuitive Machines, Inc.” (Intuitive Machines). Commencing at the opening 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.
Latham & Watkins LLP represents Intuitive Machines in the transaction with a corporate deal team led by Washington, D.C. partner Rachel Sheridan, Houston partner Nick Dhesi and New York partner John Slater, with Houston associates, Bryan Ryan, Monika Kluziak, Ziyad Barghouthy, Morgen Seim, and Shreya Patel and Washington, D.C. associate Thalia Garcia. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with associates Christine Mainguy and Chelsea Muñoz-Patchen; on employee benefits and compensation matters by Los Angeles partner Michelle Carpenter, with associate Morgan Wesner; on antitrust matters by Washington, D. C partner Jason Cruise, Frankfurt partner Max Hauser, and counsel Joseph Simei; and on intellectual property and data privacy matters by Bay Area partner Michelle Gross, with Boston associate Kiara Vaughn and Bay Area associate Caroline Omotayo.