WaterBridge Infrastructure completes IPO of 31.7M Class A shares at $20; restructuring closes

WaterBridge Infrastructure LLC

Issued 31.7M Class A shares at $20.00 in IPO; net proceeds ~$587.6M before option exercise.
Underwriters exercised greenshoe for 4.755M additional shares; closing expected Sep 22, 2025.
Completed corporate reorganization; contributes assets to OpCo; now sole managing member of OpCo.
Board formed with David N. Capobianco as chair; 10 directors appointed including Frank Bayouth.
Adopted LTIP reserving 5.7M Class A shares; entered registration rights and shareholders' agreements.

item 1.01 item 5.03 item 5.02 item 3.02 item 3.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WaterBridge Infrastructure LLC: Amendment and restatement of the limited liability company agreement into the First Amended and Restated Limited Liability Company Agreement (effective 2025-09-18).

Change: charter amendment
Effective: 2025-09-18

Exact text from the filing

On September 18, 2025, WBR Holdings and GIC caused the amendment and restatement of the Company’s limited liability company agreement in the form of the First Amended and Restated Limited Liability Company Agreement of WaterBridge Infrastructure LLC (the “PubCo LLC Agreement”).

View on SEC.gov

Browse all governance changes →

WaterBridge Infrastructure LLC filing history →

Source: SEC EDGAR

accession 0001193125-25-207591

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.