---
schema_version: "secwatch.filing_event.v1"
accession: "0001899883-25-000022"
form_type: "8-K/A"
ticker: "FIP"
cik: "0001899883"
company_name: "FTAI Infrastructure Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T10:39:42.605881+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FTAI Infrastructure acquires remaining 49.9% of Long Ridge Energy; LREP posts $60.4M net loss in 2024

## Summary
- Total consideration: $20M promissory note, $9M cash, and 160,000 shares of Series B Convertible Preferred Stock to GCM Grosvenor affiliates.
- FIP issued its manager an option to purchase 2,852,049 shares at $5.61/share, vesting 1/30 monthly over 30 months.
- LREP 2024 audited results: net loss $60.4M, total revenues $110.2M, total assets $936.2M, members' deficit $263.5M.
- LREP operates a 485 MW gas plant and 24 natural gas wells; goodwill of $86.5M recorded on acquisition.
- Pro forma combined financials filed, showing full consolidation of LREP after the February 26, 2025 closing.

## SEC filing metadata
- accession: 0001899883-25-000022
- form_type: 8-K/A
- ticker: FIP
- cik: 0001899883
- company_name: FTAI Infrastructure Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1899883/000189988325000022/0001899883-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1899883/000189988325000022/ftai-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001899883-25-000022
- JSON: https://secwatch.observer/filing/0001899883-25-000022.json
- Plain text: https://secwatch.observer/filing/0001899883-25-000022.txt

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