Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 258

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 258
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 LTIP to our employees with respect to a total of approximately 934,054 of our Class A shares (calculated using the midpoint of the estimated price range set forth on the cover page of this prospectus), including awards of approximately 148,648, 102,702 and 75,675 shares to Mr. Long, Mr. Reitz and Mr. Bolling, respectively. These awards will be in the form of time-vested restricted share units and will vest in equal one-third (1/3) installments on each of the first, second and third anniversaries of the date of grant, subject to such employee’s continued service through each such vesting date.

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WaterBridge was formed as a Delaware limited liability company by NDB Holdings on April 11, 2025. WaterBridge intends to elect to be classified as a corporation for U.S. federal income tax purposes in connection with the WaterBridge Combination described under “—WaterBridge Combination” above and summarized below. WaterBridge has not conducted and will not conduct any material business operations prior to the completion of the Corporate Reorganization, other than certain activities related to, and undertaken in contemplation of, this offering and in connection with the WaterBridge Combination. Immediately following the consummation of the WaterBridge Combination, OpCo will directly or indirectly own all of the outstanding equity interests of the subsidiaries through which we will operate our business.

Pursuant to the WaterBridge Combination, we expect each of the following transactions to occur on or before the first business day following the execution of the underwriting agreement related to this offering and described under “Underwriting (Conflicts of Interest)”:

WBR Holdings will form OpCo as a Delaware limited liability company;

all of the WB 892 Holders, other than GIC, will contribute all of their respective equity interests in WB 892 to WBR Holdings in exchange for the issuance to such WB 892 Holders of WBR Holdings Interests;

all of the WBEF Holders, other than WB 892 and Elda River, will contribute all of their respective equity interests in WBEF to WBR Holdings in exchange for the issuance to such WBEF Holders of newly issued WBR Holdings Interests such that, immediately following such contributions, WBR Holdings will directly or indirectly own all of the outstanding equity interests in WB 892 and WBEF other than (i) the equity interests in WB 892 held by GIC and (