LUNR News

Many blank check targets have been referred to as “moonshots,” and that includes some that are shooting for the actual moon. Space-focused startups, a number of which have gone public via SPAC, have gained more attention in recent weeks after Intuitive Machines (LUNR) became the first company to achieve a successful moon landing. In September 2022,...read more

A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight months left in the year. Three de-SPACs filed for bankruptcy in the first week of April, all of which completed their mergers...read more

Inflection Point Acquisition, a blank check company formed by Kingstown Capital targeting consumer and tech, raised $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. Certain anchor investors have indicated on up to $322 million worth of units in the IPO. The New York, NY-based...read more

Inflection Point Acquisition, a blank check company formed by Kingstown Capital targeting consumer and tech, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-third of a warrant,...read more