Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 139

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 139
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     |       |
|:-------------------------------|:----|:--------------------------------------------------|------------:|:----|:--------|-----:|:--|:----|:--------------------|----------:|:----|---:|:--------|-----:|:--|:----|:--------------|------:|
| Existing Owners                |     |                                                   |  87,000,000 |     |         | 76.3 | % |     | $                   | 1,415,013 |     | -1 |         | 73.9 | % |     | $             | 16.26 |
| New investors in this offering |     |                                                   |  27,000,000 |     |         | 23.7 | % |     |                     |   499,500 |     |    |         | 26.1 | % |     |               | 18.50 |
| Total                          |     |                                                   | 114,000,000 |     |         |  100 | % |     | $                   | 1,914,513 |     |    |         |  100 | % |     | $             | 16.79 |

(1) Total consideration for the Existing Owners only includes the historical member contributions prior to giving any consideration to member distributions.

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The information excludes (i) 5,700,000 Class A shares reserved for issuance under our LTIP, which we intend to adopt in connection with the completion of this offering, and (ii) 80,215,021 Class A shares reserved for issuance in connection with any exercise of the Redemption Right or the Call Right.

Except as otherwise noted, all information in this prospectus assumes (i) no exercise by the underwriters of their option to purchase additional Class A shares and (ii) no purchase of Class A shares by our directors, officers, employees and other individuals associated with us and members of their families through the directed share program. If the underwriters’ option to purchase additional Class A shares is exercised in full, the number of Class A shares held by new investors in this offering will be increased to 31,050,000, or 82.1% of the total number of Class A shares outstanding immediately after this offering.

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The following discussion and analysis should be read in conjunction with the section titled “Summary—Summary Historical and Pro Forma Financial Data” and the accompanying