ISQ Open Infrastructure Co LLC

8-K · ea0292947-8k_isq.htm iXBRL

0002059924

 2026-05-27
 2026-05-27

 iso4217:USD

 xbrli:shares

 iso4217:USD

 xbrli:shares

  

  

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

  

  

  

 FORM 8-K

  

  

  

 CURRENT REPORT

 Pursuant to Section 13 or 15(d)

 of the Securities Exchange Act of 1934

  

 Date of Report (Date of earliest event reported):
 May 27, 2026

  

  

  

 ISQ Open Infrastructure Company LLC

 (Exact name of registrant as specified in its charter)

  

  

  

 Delaware
  
 000-56735
  
 33-2876284

 (State or other jurisdiction of

incorporation or organization)
  
 (Commission File Number)
  
 (I.R.S. Employer

Identification No.)

  

 600 Brickell Avenue , PH , Miami , FL
  
 33131

 (Address of principal executive offices)
  
 (Zip Code)

  

 ( 786 ) 693-5700

 (Registrant’s telephone number, including
area code)

  

 Not Applicable

 (Former name or former address, if changed since
last report)

  

  

  

 Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:

  

 ☐
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  

 ☐
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  

 ☐
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

 ☐
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

 Securities registered pursuant to Section 12(b) of the Act: None

  

 Title of each class
  
 Trading Symbol(s)
  
 Name of each exchange on which registered

  
  
  
  
  

  

 Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter). ☒

  

 If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐

  

  

  

  

  

  

 Item 3.02 Unregistered Sales of Equity Securities.

  

 As of May 1, 2026, ISQ Open Infrastructure Company LLC (the “Company”)
issued and sold the following unregistered shares of the Company to investors for cash or for services rendered by the independent directors
of the Boards of Directors of the Company:

  

 Class  
 Number of
 Shares Sold*    
 Aggregate
 Net Consideration*  

 Series I  
        
      

 F-S TE Shares  
   117,858    
 $ 3,795,750  

 F-D TE Shares  
   -    
   -  

 F-I TE Shares  
   12,629    
   408,000  

 F-J TE Shares  
   -    
   -  

 S TE Shares  
   -    
   -  

 D TE Shares  
   -    
   -  

 I TE Shares  
   -    
   -  

 J TE Shares  
   20,219    
   645,000  

 E TE Shares  
   -    
   -  

 Series II (1)  
        
      

 F-S Shares  
   122,982    
   3,965,000  

 F-I Shares  
   57,441    
   1,860,896  

 F-J Shares  
   1,867    
   60,000  

 J Shares  
   84,470    
   2,111,750  

 E Shares  
   3,524    
   119,000  

  

 (1)
 Only reflects share classes outstanding as of May 1, 2026 held by third parties.

  

 *
 Share and dollar amounts rounded to the nearest whole number.

  

 The Company issued such shares for total aggregate net consideration of
$12,965,396 (the “Proceeds”). The offer and sale of the shares above were exempt from the registration provisions of the Securities
Act of 1933, as amended, by virtue of Section 4(a)(2), including Regulation D (for sales to accredited investors) and/or Regulation S
(for sales to non-U.S. investors outside of the United States) thereunder.

  

 1

  

  

 Item 8.01 Other Events.

  

 Transactional Net Asset Value

  

 On May 27, 2026, the operating manager of the Company determined the Transactional
Net Asset Value per share, being the price at which sales of the Company’s shares are made, of the following classes of the Company’s
shares as of April 30, 2026 ($ in thousands, except shares and per share data):

  

 Class  
 Monthly Transactional
 Net Asset Value*    
 Number of
 Shares Outstanding*    
 Transactional Net Asset Value per Share as of April 30, 2026  

 Series I  
        
        
      

 F-S TE Shares  
 $ 33,141    
   1,029,029    
 $ 32.21  

 F-D TE Shares  
   12,856    
   401,563    
   32.02  

 F-I TE Shares  
   3,063    
   94,804    
   32.31  

 F-J TE Shares  
   23,814    
   742,081    
   32.09  

 S TE Shares  
   3    
   110    
   31.83  

 D TE Shares  
   4    
   110    
   31.94  

 I TE Shares  
   4    
   110    
   31.99  

 J TE Shares  
   3    
   110    
   31.90  

 E TE Shares  
   3    
   80    
   33.19  

 Series II (1)(2)  
        
        
      

 F-S Shares  
   41,010    
   1,272,019    
   32.24  

 F-I Shares  
   23,007    
   710,169    
   32.40  

 F-J Shares  
   135,614    
   4,219,918    
   32.14  

 J Shares  
   2,111,750    
   84,470    
   25.00  

 E Shares  
   15,340    
   454,210    
   33.77  

  

 *
 Share and dollar amounts rounded to the nearest whole number.

 (1)
 Only reflects share classes outstanding as of May 1, 2026 held by third parties.

  
  

 (2) Class J Shares were first sold on May 1, 2026 as reflected in
the table above under Item 3.02 and were sold at an initial Transactional Net Asset Value per Share of $25.00.

  

 For additional information, please see details included in Exhibit 99.1
to this Current Report on Form 8-K, which is incorporated herein by reference.

  

 Item 9.01 Financial Statements and Exhibits.

  

 99.1
  
 Net Asset Value as of April 30, 2026

 104
  
 Cover Page Interactive Data File, formatted in Inline XBRL

  

 2

  

  

 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.

  

 ISQ OPEN INFRASTRUCTURE COMPANY LLC
  

  
  
  

 By:
 /s/ Starr Frohlich
  

 Name:  
 Starr Frohlich
  

 Title:
 Principal Financial Officer
  

  

 Date: June 2, 2026

  

 3