Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 135

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 135
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 as adjusted net tangible book value after this offering) to new investors purchasing Class A shares in this offering of $13.48 per Class A share. The following table illustrates the per Class A share dilution to new investors purchasing Class A shares in this offering (assuming that 100% of our Class B shares have been cancelled in connection with a redemption of OpCo Units for Class A shares on a one‑for‑one basis):

| Public offering price per Class A share                                                                                                                          
 As adjusted net tangible book value per Class A share as of June 30, 2025 (after giving pro forma effect to the WaterBridge Combination as described above)      |     | 5.68 |     |   | 20.00 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|-----:|:----|:--|------:|
| Increase per Class A share attributable to this offering and related transactions as described above                                                             |     | 0.84 |     |   |       |
| Pro forma, as adjusted, net tangible book value per Class A share (after giving further effect to this offering and the related transactions as described above) |     |      |     |   |  6.52 |
| Dilution in pro forma, as adjusted, net tangible book value per Class A share to new investors in this offering                                                  |     |      |     | $ | 13.48 |

The following table summarizes, on an as adjusted basis as of September 4, 2025, the total number of Class A shares that we will issue and the total consideration contributed to us (a) by our Existing Owners in connection with the Corporate Reorganization transactions, other than this offering, in respect of their Class A shares (assuming that 100% of our Class B shares have been canceled in connection with a redemption of OpCo Units for Class A shares) and (b) by new investors in this offering upon consummation of the transactions contemplated by this prospectus, and the average price per share contributed to us by our Existing Owners and by new investors in this offering at our initial offering price of $20.00 per Class A share, calculated before deduction of estimated underwriting discounts and estimated offering expenses payable by us.

|                                |     | Shares Acquired                                   
 Number                                            
 (in thousands except share and per share amounts) |             |     | Percent |       |   |     | Total Consideration 
 Amount              |           |     |    | Percent |       |   |     | Average