Company: WBI
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001193125-25-207591
Chunk: 3

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 8-K
Item: Item 1.01
Chunk 3
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 River and (ii) contributed all of the remaining net proceeds from this offering to OpCo in exchange for a number of OpCo Units equal to the number of Class A shares issued in this Offering;

• the Existing Owners (other than GIC) and the Company caused OpCo to amend and restate its limited liability company agreement, as described in further detail under Item 5.03 of this Current Report on Form 8-K, to, among other things, designate the Company as the managing member of OpCo, recapitalize the OpCo Interests into units representing limited liability company interests in OpCo (“ OpCo Units”), and provide for the provision of OpCo Unit exchange rights for the benefit of the holders of OpCo Units other than the Company; and

• OpCo used, or intends to use, the remaining net proceeds from the Offering to repay certain outstanding indebtedness of WaterBridge Operating LLC, a Delaware limited liability company, WaterBridge NDB Operating LLC and Desert Environmental and for general company purposes, including funding working capital and future growth projects.

As a result of the WaterBridge Combination, the Company’s sole material asset consists of OpCo Units, and OpCo directly or indirectly owns all of the outstanding equity interests of its subsidiaries through which the Company will operate its business. The Company is the sole managing member of OpCo and is responsible for all operational,

management and administrative decisions relating to OpCo’s business and will, on a go‑forward basis, consolidate the financial results of OpCo and its subsidiaries.

The foregoing description is qualified in its entirety by reference to the full text of the Contribution and Reorganization Agreement, which is attached as Exhibit 2.1 to this Current Report on Form 8‑ K and incorporated in this Item 1.01 by reference.

Underwriting Agreement

On September 16, 2025, the Company, OpCo, WBEF, NDB Midstream and Desert Environmental entered into an underwriting agreement (the “ Underwriting Agreement”) with J. P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the underwriters named therein (the “ Underwriters”), relating to the offer and sale of the Class A shares (the “ Offering”). The Underwriting Agreement provides for the offer and sale by the Company, and the purchase by the Underwriters, of 31,700,000 Class A shares at a price to the public of $20.00 per Class A share. Pursuant to the Underwriting Agreement, the Company granted the Underwriters a 30