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In addition, from time to time, we may receive letters or other forms of communication asserting claims against us.
−Removed: Information relating to commitments and contingencies is described in Note 14 - Commitments and Contingencies to our consolidated financial statements in Part II, Item 8 of this Annual Report on Form 10-K.
+Added: On November 22, 2024, Starlight Strategies IV LLC (“Plaintiff”), an alleged successor in interest to a purported former holder of shares of the Company’s 10% Series A Cumulative Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”) filed a breach of contract action in Delaware Chancery Court.
+Added: The complaint alleges that the Plaintiff’s predecessor received fewer shares of common stock upon conversion of its shares of Series A Preferred Stock than it was allegedly entitled to receive under the terms of the applicable certificate of designation.
+Added: The Plaintiff is seeking unspecified contractual damages and equitable relief.
+Added: The Company has filed its answer to the complaint and asserted counterclaims against the Plaintiff and third-party claims against certain entities affiliated with the Plaintiff.
+Added: January 24, 2025, Kingstown 1740 Fund L.P.
+Added: and Kingstown Capital Partners LLC (together, “Kingstown”) moved to intervene, seeking to file a complaint in intervention against Starlight.
+Added: The court granted Kingstown leave to intervene.
+Added: In connection with the intervention, the Company has agreed to pay Kingstown’s legal fees.
+Added: In February 2026, the Company and Plaintiff filed motions for summary judgment.
+Added: The court granted parties leave to move for summary judgment.
+Added: The Company has not recorded an accrual related to this matter because a loss is not considered probable or reasonably estimable at this time.
+Added: In October 2023, the Civil Division of the U.S.
+Added: Department of Justice issued a Civil Investigative Demand as part of an investigation into allegations that Lanteris submitted, or caused to be submitted, false claims to the federal government by failing to meet cybersecurity requirements in federal regulations and government contracts issued to Lanteris and made or used false records or statements material to these false claims.
+Added: In late 2025, the Department of Justice presented its initial civil investigation review to Lanteris that it alleged constitute False Claims Act violations related to certain federal government contracts awarded to it.
+Added: Lanteris is cooperating with the investigation.
+Added: In connection with the Company’s acquisition of Lanteris, the Seller Parent (as defined in the Lanteris Purchase Agreement) agreed to indemnify Intuitive Machines and its affiliates for the liability of Lanteris related to this investigation.
+Added: At the request of the Department of Justice, a response and counter arguments to dispute the department’s assertions against Lanteris of False Claims Act violations will be made in the coming months.
Mine Safety Disclosures
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.