secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001140361-25-006134
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure acquires remaining 49.9% of Long Ridge Energy for $9M cash, $20M note, and Series B Preferred
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- Acquired 100% of LIF Holdings, owner of 49.9% of Long Ridge Energy & Power LLC, from GCM Grosvenor affiliates.
- Consideration: $9M cash, $20M promissory note from LRE&P, and 160,000 Series B Convertible Preferred shares (9%/10% dividend).
- Issued 550,000 Series A Warrants (exercise price $10/share) to Ares as consent fee for Series A Preferred amendment.
- Board increased to 5; appointed Matthew Rinklin (GCM Managing Director) as Class II director.
- Series A Preferred terms amended to permit acquisition and allow $0.03 quarterly common dividend with catch-up provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125006134/0001140361-25-006134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000114036125006134/ef20044412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-006134

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