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FTAI Infrastructure Incorporation ( (FIP) ) has issued an update.
On February 26, 2025, FTAI Infrastructure Inc. completed the acquisition of the remaining 49.9% interest in Long Ridge Energy & Power LLC, enhancing its stake to full ownership. This strategic move involved a $20 million promissory note, a $9 million cash payment, and the issuance of 160,000 shares of Series B Convertible Junior Preferred Stock to GCM Grosvenor affiliates. The acquisition is expected to strengthen FTAI’s market position and provide new opportunities for growth, impacting its operations and stakeholder interests.
More about FTAI Infrastructure Incorporation
FTAI Infrastructure Inc. operates in the infrastructure sector, focusing on energy, transportation, and environmental services. The company engages in direct infrastructure investments and manages capital through strategies like the Infrastructure Advantage Strategy.
YTD Price Performance: -24.73%
Average Trading Volume: 1,025,702
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $623.3M
Find detailed analytics on FIP stock on TipRanks’ Stock Analysis page.