---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-284426"
form_type: "8-K"
ticker: "LB"
cik: "0001995807"
company_name: "LandBridge Co LLC"
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:26:09.795860+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# LandBridge closes ~46K-acre Wolf Bone Ranch acquisition for $245M; raises $350M equity

## Summary
- Acquired ~46,000 surface acres in Reeves and Pecos Counties, Texas for $245M cash; funded by $200M private placement and $45M term loan draw.
- Private placement of 5,830,419 Class A shares at $60.03/sh raised gross proceeds of $350M; $150M used to repurchase OpCo units from sponsor with no shareholder dilution.
- VTX Energy provided a minimum annual revenue commitment of $25M for each of the next five years on the acquired land.
- Total Delaware Basin holdings now ~273,000 surface acres; company reaffirms 2025 Adjusted EBITDA guidance of $170M–$190M.
- Registration rights agreement filed covering resale of the 5,830,419 Class A shares issued in the private placement.

## SEC filing metadata
- accession: 0001193125-24-284426
- form_type: 8-K
- ticker: LB
- cik: 0001995807
- company_name: LandBridge Co LLC
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1995807/000119312524284426/0001193125-24-284426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1995807/000119312524284426/d917931d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-284426
- JSON: https://secwatch.observer/filing/0001193125-24-284426.json
- Plain text: https://secwatch.observer/filing/0001193125-24-284426.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.