Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 118

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 118
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|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|
| Increase per Class A share attributable to this offering and related transactions as described above                                                             |     |   |
| 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) |     |   |
| Dilution in pro forma, as adjusted, net tangible book value per Class A share to new investors in this offering                                                  |     | $ |

The dilution information discussed in this section is illustrative only and will change based on the actual public offering price and other terms of this offering to be determined at pricing. Each $1.00 increase or decrease in the public offering price of $ per Class A share (the midpoint of the price range set forth on the cover of this prospectus) would increase or decrease the net proceeds to us from this offering by approximately $ million (or approximately $ million if the underwriters’ option to purchase additional Class A share is exercised in full), assuming the number of Class A shares offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting estimated underwriting discounts and estimated offering expenses payable by us. The following table summarizes, on an as adjusted basis as of , 2025, the total number of Class A shares owned by our Existing Owners (assuming that 100% of our Class B shares have been cancelled in connection with a redemption of OpCo Units for Class A shares) and to be owned by new investors in this offering, the total consideration paid, and the average price per share paid by our Existing Owners and to be paid by new investors in this offering at our initial offering price of $ 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 Price 
 Per Share     |
|:-------------------------------|:----|:--------------------------------------------------|:----|:--------|----:|:--|:----|:--------------------|---:|:--------|----:|:--|:----|:--------------|
| Existing Owners                |     |                                                   |     |         |     | % |     |                     | -1 |         |     | %