other material
confidence high
sentiment positive
materiality 0.55
WaterBridge closes full exercise of underwriters' option, raises ~$89M additional net proceeds
WaterBridge Infrastructure LLC
- Underwriters purchased 4,755,000 additional Class A shares at the IPO price less discounts.
- Net proceeds from option shares ~$89M; total IPO net proceeds ~$677M.
- Company also entered into a Tax Receivable Agreement with OpCo and TRA holders on Sept 18.
- J.P. Morgan and Barclays were lead book-running managers; offering closed Sept 22, 2025.