Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 352

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 352
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 in these unaudited condensed combined pro forma statements. The Company has engaged a third-party valuation specialist to assist in the final determination of both the purchase price allocations.

Note 3: Pro Forma Adjustments

The unaudited pro forma condensed combined financial information has been prepared to reflect the application of required U.S. GAAP accounting to the Transactions and has been prepared for informational purposes only.

<div align='center'>F-13

WaterBridge Infrastructure LLC

Notes to the Unaudited Pro Forma Condensed Combined Financial Statements</div>

Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Financial Information related to the Combination of NDB Operating and WBEF in the WaterBridge Combination The Company made the following adjustments and assumptions related to the combination of NDB Operating and WBEF in the WaterBridge Combination in the preparation of the unaudited pro forma condensed combined balance sheet: (a) Reflects the elimination of related party receivables and related party payables between NDB Operating and WBEF. (b)

| Purchase Price Allocation - WBR                |     |   |          |   |
|:-----------------------------------------------|:----|:--|---------:|:--|
| Book value of net assets acquired              |     | $ |  364,671 |   |
| Fair value adjustments:                        |     |   |          |   |
| Decrease in property, plant and equipment      |     |   | (362,715 | ) |
| Increase in intangible assets                  |     |   |  873,253 |   |
| Write-off of debt issuance costs               |     |   |  (35,425 | ) |
| Decrease in goodwill                           |     |   | (169,396 | ) |
| Fair value of equity consideration transferred |     | $ |  670,388 |   |

(c) Represents the exchange of Series A Preferred shares and Series B Preferred shares for common equity units. The Company made the following adjustments and assumptions related to the combination of NDB Operating and WBEF in the WaterBridge Combination in the preparation of the unaudited pro forma condensed combined statements of operations: (d) Reflects changes in depreciation, amortization and accretion expense

|                                                                                | Description |         | Weighted Average Remaining Useful Life |     |   | Fair Value |     | Depreciation, amortization, and accretion expense | Six Months Ended 
    June 30, 2025 |