secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K/A
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001899883-25-000022
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000189988325000022/0001899883-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000189988325000022/ftai-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001899883-25-000022

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