LandBridge Co LLC Files 8-K: Material Agreement & Asset Deal
Ticker: LB · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1995807
Sentiment: neutral
Topics: material-agreement, acquisition, disposition, 8-k
TL;DR
LandBridge Co LLC filed an 8-K on 12/19/24 for a material agreement and asset deal.
AI Summary
On December 19, 2024, LandBridge Co LLC entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The filing also includes information on Regulation FD Disclosure and other events, along with financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate activity for LandBridge Co LLC, potentially involving a major acquisition or disposition of assets, which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing pertains to a material definitive agreement and completion of an acquisition or disposition of assets, which inherently carries business and financial risks.
Key Numbers
- 12/19/2024 — Report Date (Date of earliest event reported)
Key Players & Entities
- LandBridge Co LLC (company) — Registrant
- December 19, 2024 (date) — Date of earliest event reported
- 5555 San Felipe Street, Suite 1200 Houston, Texas 77056 (address) — Principal executive offices
- 001-42150 (identifier) — SEC File Number
FAQ
What type of material definitive agreement did LandBridge Co LLC enter into?
The filing indicates the agreement is related to the completion of an acquisition or disposition of assets.
What is the primary business of LandBridge Co LLC?
LandBridge Co LLC is classified under OIL ROYALTY TRADERS [6792].
When was this 8-K filing submitted?
The filing was submitted on December 26, 2024, with the earliest event reported on December 19, 2024.
Where are LandBridge Co LLC's principal executive offices located?
The principal executive offices are located at 5555 San Felipe Street, Suite 1200, Houston, Texas 77056.
What is the SEC file number for LandBridge Co LLC?
The SEC file number is 001-42150.
Filing Stats: 1,314 words · 5 min read · ~4 pages · Grade level 11.6 · Accepted 2024-12-23 21:22:58
Key Financial Figures
- $245.0 million — closing, the Company paid approximately $245.0 million in cash, consisting of approximately (i
- $200.0 million — n cash, consisting of approximately (i) $200.0 million from the Private Placement and (ii) $45
- $45.0 million — ion from the Private Placement and (ii) $45.0 million drawn under the term loan component of
- $60.03 — Securities Act, at a price per share of $60.03 (the "Private Placement"), resulting in
- $350.0 million — gregate gross proceeds of approximately $350.0 million. The Company used approximately $200.0
- $150.0 million — fund the Acquisition, and approximately $150.0 million of such proceeds, net of placement fees
- $25.0 million — a minimum annual revenue commitment of $25.0 million for each of the five years beginning De
Filing Documents
- d917931d8k.htm (8-K) — 35KB
- d917931dex101.htm (EX-10.1) — 145KB
- d917931dex991.htm (EX-99.1) — 17KB
- g917931g1224014045869.jpg (GRAPHIC) — 2KB
- 0001193125-24-284426.txt ( ) — 359KB
- lb-20241219.xsd (EX-101.SCH) — 3KB
- lb-20241219_lab.xml (EX-101.LAB) — 18KB
- lb-20241219_pre.xml (EX-101.PRE) — 11KB
- d917931d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (a) Financial statements of business to be acquired. To be filed by amendment not later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed. (b) Pro forma financial information. To be filed by amendment not later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed. (d) Exhibits. Exhibit Number Description 2.1# Purchase and Sale Agreement, dated as of November 19, 2024, by and between Wolf Bone Ranch Partners LLC, as seller, and DBR Land LLC, as purchaser (incorporated by reference to Exhibit 2.1 to LandBridge Company LLC's Current Report on Form 8-K, File No. 001-35371, filed on November 22, 2024). 10.1 Registration Rights Agreement, dated as of December 19, 2024, by and among LandBridge Company LLC and the investors party thereto. 99.1 Press Release, dated as of December 19, 2024. 104 Cover Page Interactive Data File (embedded with Inline XBRL document). # Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the U.S. Securities and Exchange Commission on request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LANDBRIDGE COMPANY LLC By: /s/ Scott L. McNeely Name: Scott L. McNeely Title: Chief Financial Officer Date: December 23, 2024