secwatch.observer — SEC 8-K summary
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Issuer:     LandBridge Co LLC (LB)
CIK:        0001995807
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001193125-24-284426
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1995807/000119312524284426/0001193125-24-284426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1995807/000119312524284426/d917931d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-284426

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