Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 287

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 287
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 and administrative expenses associated with being a public company. The adjustments are based on currently available information and certain estimates and assumptions. Therefore, the actual adjustments may differ from the pro forma adjustments. However, management believes that the assumptions provide a reasonable basis for presenting the significant effects of the transactions as contemplated and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial statements.

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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 acquisition is 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-6</div>

WaterBridge Infrastructure LLC Unaudited Pro Forma Condens ed Combined Balance Sheet as of March 31, 2025

| Current assets:                                          |     | Historical NDB Operating |           |     | Historical WBEF |           |   |     | Transaction Accounting Adjustments |         |   |       | Pro Forma |           |     | Corporate Reorganization and Offering |          |   |          | Pro Forma As Adjusted |           |
|:---------------------------------------------------------|:----|:-------------------------|----------:|:----|:----------------|----------:|:--|:----|:-----------------------------------|--------:|:--|:------|:----------|----------:|:----|:--------------------------------------|---------:|:--|:---------|:----------------------|----------:|
| Cash and cash equivalents                                |     | $                        |    27,603 |     | $               |    13,339 |   |     | $                                  |       - |   |       | $         |    40,942 |     | $                                     |        - |   | -a)(b