secwatch.observer — SEC 8-K summary
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Issuer:     WaterBridge Infrastructure LLC (WBI)
CIK:        0002064947
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001193125-25-207591
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.03, 5.02, 3.02, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2064947/000119312525207591/0001193125-25-207591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2064947/000119312525207591/wbi-20250916.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-207591

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer