Company: WBI
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001193125-25-207591
Chunk: 2

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 8-K
Item: Item 1.01
Chunk 2
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 above, (A) OpCo directly owned all of the outstanding equity interests in Desert Environmental, WBEF and NDB Midstream and (B) WBR Holdings, NDB Holdings, Desert Holdings, Devon Holdco, Elda River and GIC (collectively, the “ Existing Owners”), either directly or through their respective equity interests in WB 892, owned 100% of the outstanding OpCo Interests; and

• prior to the closing of the Offering, the Company elected to be classified as a corporation for U. S. federal income tax purposes, and immediately thereafter, WBR Holdings and GIC caused WB 892 to merge with and into the Company, with the Company surviving, in exchange for the issuance of newly issued limited liability company interests in the Company to WBR Holdings and GIC, and immediately following such merger, (i) the equity interests in the Company held by NDB Holdings were cancelled, (ii) WBR Holdings and GIC were admitted as members of the Company and (iii) the Company was admitted as a member of OpCo.

Further, pursuant to the Contribution and Reorganization Agreement, the following transactions occurred in connection with the completion of the Offering in the following order:

• WBR Holdings and GIC caused the Company to amend and restate its limited liability company agreement to facilitate the Offering, as described in further detail under Item 5.03 of this Current Report on Form 8-K;

• the Company issued 31,700,000 Class A shares representing limited liability company interests in the Company (the “ Class A shares”) in the Offering to the public, in exchange for the proceeds of this offering, at a price of $20.00 per Class A share;

• WBR Holdings, NDB Holdings, Desert Holdings (together, the “ Five Point Members”), Devon Holdco and Elda River contributed approximately $80,200 in cash to the Company in exchange for the issuance of an aggregate 80,190,150 Class B shares representing the limited liability company interests in the Company (the “ Class B shares” and together with the Class A shares, the “common shares”) to the Five Point Members, Devon Holdco and Elda River, or one Class B share for each OpCo Unit (as defined below) to be owned by each such entity following the closing of the Offering;

• the Company (i) used approximately $228.2 million of the net proceeds from the Offering to purchase a portion of the OpCo Units held by Elda