Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 347

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 347
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 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 Cond ensed 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 |     | $                                     |    261,988 |   | -a       | $                     |   297,141 |
| Certificate of deposit                                   |     |                          |         - |     |                 |         - |   |     |                                    |        - |   |       |                                 |    104 |     |                                    |      - |   |        |           |       104 |     |                                       |          - |   |          |                       |       104 |
| Accounts receivable, net                                 |     |                          |    68,329 |     |                 |    69,786 |   |     |                                    |        - |   |       |                                 |  9,605 |     |                                    |      - |   |        |           |   147,