Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 351

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 351
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Accounting for the Acquisition

The acquisition purchase price allocation and related adjustments reflected in this unaudited pro forma condensed combined financial information are preliminary and subject to revision based on final allocation of the fair value of the net assets after the date of this prospectus. SeeNote 1: Basis of Presentationbelow for more information.

The acquisitions are subject to reclassification and transaction accounting adjustments that have not yet been finalized. Accordingly, the pro forma adjustments are preliminary and have been made solely for the purposes of providing unaudited pro forma condensed combined financial information in accordance with SEC rules including Article 11 of Regulation S-X, as amended by the final rule, Release No. 33-10786 “Amendments to Financial Disclosure about Acquired and Disposed Businesses.” Differences between these preliminary estimates and the final reclassification and transaction accounting adjustments may be material.

<div align='center'>F-9</div>

WaterBridge Infrastructure LLC Unaudited Pro Forma Condens ed Combined Balance Sheet as of June 30, 2025

| Current assets:                                          |     | Historical NDB Operating |           |     | Historical WBEF |           |   |     | Transaction Accounting Adjustments |          |   |       | Historical Desert Environmental |        |     | Transaction Accounting Adjustments |         |   |        | Pro Forma |           |     | Corporate Reorganization and Offering |            |   |          | Pro Forma As Adjusted |           |
|:---------------------------------------------------------|:----|:-------------------------|----------:|:----|:----------------|----------:|:--|:----|:-----------------------------------|---------:|:--|:------|:--------------------------------|-------:|:----|:-----------------------------------|--------:|:--|:-------|:----------|----------:|:----|:--------------------------------------|-----------:|:--|:---------|:----------------------|----------:|
| Cash and cash equivalents                                |     | $                        |    11,902 |     | $               |    20,104 |   |     | $                                  |        - |   |       | $                               |  3,147 |     | $                                  |       - |   |        | $         |    35,153 |     | $                                     |    135,558 |   | -a       | $                     |   170,711 |
| Certificate of deposit                                   |     |                          |         - |     |                 |         - |   |