---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-207591"
form_type: "8-K"
ticker: "WBI"
cik: "0002064947"
company_name: "WaterBridge Infrastructure LLC"
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:18:02.413933+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-207591
- form_type: 8-K
- ticker: WBI
- cik: 0002064947
- company_name: WaterBridge Infrastructure LLC
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.03, 5.02, 3.02, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2064947/000119312525207591/0001193125-25-207591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2064947/000119312525207591/wbi-20250916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-207591
- JSON: https://secwatch.observer/filing/0001193125-25-207591.json
- Plain text: https://secwatch.observer/filing/0001193125-25-207591.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2064947/000119312525207591/0001193125-25-207591-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.