Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 335

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 335
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 other administrative proceedings. There are currently no such proceedings to which the Company is a party.

#### 5.
Subsequent Events

No events have occurred subsequent to June 30, 2025 through August 3, 2025, which is the date the financial statement was available to be issued, that would require disclosure.

<div align='center'>F-7</div>

### Unaudited Pro Forma Condensed Combined Financial Statements
Introduction

WaterBridge Infrastructure LLC (the “Company”) was formed on April 11, 2025 pursuant to the transactions described under “Corporate Reorganization,” and does not have historical financial operating results. For purposes of this prospectus, the Company’s predecessors are both WaterBridge NDB Operating LLC (“NDB Operating”) and WaterBridge Equity Finance LLC (“WBEF”).

The following unaudited pro forma condensed combined financial statements reflect the historical combined results of NDB Operating, WBEF and Desert Environmental and their respective subsidiaries on a pro forma basis to give effect to the following transactions (collectively, the “Transactions”), which are described in further detail below, as if they had occurred on June 30, 2025, for purposes of the unaudited pro forma condensed combined balance sheet, and on January 1, 2024, for purposes of the unaudited pro forma condensed combined statements of operations:

the contemplated transactions described under “Corporate Reorganization” elsewhere in this prospectus;

the initial public offering of Class A shares representing limited liability company interests (“Class A shares”) and the use of the net proceeds therefrom as though the Transactions occurred on June 30, 2025 as described in “Use of Proceeds” elsewhere in this prospectus (the “Offering”). On a pro forma basis, the Company would have expected to retain $129.0 million of the net proceeds from the sale of the Class A shares (based on an assumed initial offering price of $ , the midpoint of the range set forth on the cover of this prospectus), because it expects to use the resulting gross proceeds of $500.0 million, to (i) pay underwriting discounts of $37.5 million and estimated other offering costs of $5.9 million that excludes $1.6 million of expenses paid as of June 30, 2025, (ii) repay $99.0 million of outstanding debt, and (iii) purchase limited liability company interests in WBI Operating LLC (“OpCO”) from the holder thereof for $228.6