Apollo Infrastructure raises $163.6M in unregistered equity, expands board to 6 directors

Apollo Infrastructure Co LLC

Sold 1,152,720 Series I A-II shares ($28.8M) and 5,393,200 Series II A-II shares ($134.8M) for total $163.6M.
At least $100M in purchase orders received; escrow released as of Nov 1, 2023.
Board expanded from 4 to 6 directors; independent directors increased from 2 to 3.
Majority of V Shares can now remove any director without board consent.
Entered Operating Agreement and Trademark License Agreement with Apollo affiliates.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Apollo Infrastructure Co LLC: Amended and restated limited liability company agreement to increase board size from four to six directors, increase independent directors from two to three, add removal provision, and update indemnity/exculpation provisions (effective 2023-11-01).

Change: charter amendment
Effective: 2023-11-01

Exact text from the filing

On November 1, 2023, the Company executed its Third Amended and Restated Limited Liability Company Agreement (the “Third A&R LLCA”), which amended and restated the Company’s Second Amended and Restated Limited Liability Company Agreement, dated as of April 12, 2023.

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001193125-23-271664

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.