0001213900-22-041365.txt : 20220725
0001213900-22-041365.hdr.sgml : 20220725
20220725170718
ACCESSION NUMBER: 0001213900-22-041365
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220721
FILED AS OF DATE: 20220725
DATE AS OF CHANGE: 20220725
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Comora Mark S
CENTRAL INDEX KEY: 0001827111
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40272
FILM NUMBER: 221104214
MAIL ADDRESS:
STREET 1: C/O FORTISTAR SUSTAINABLE SOLUTIONS CORP
STREET 2: ONE NORTH LEXINGTON AVENUE
CITY: WHITE PLAINS
STATE: NY
ZIP: 10601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OPAL Fuels Inc.
CENTRAL INDEX KEY: 0001842279
STANDARD INDUSTRIAL CLASSIFICATION: GAS & OTHER SERVICES COMBINED [4932]
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 CLARENDON STREET, 55TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: 617-531-6300
MAIL ADDRESS:
STREET 1: 200 CLARENDON STREET, 55TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
FORMER COMPANY:
FORMER CONFORMED NAME: ArcLight Clean Transition Corp. II
DATE OF NAME CHANGE: 20210125
4
1
ownership.xml
OWNERSHIP DOCUMENT
X0306
4
2022-07-21
0
0001842279
OPAL Fuels Inc.
OPAL
0001827111
Comora Mark S
ONE NORTH LEXINGTON AVENUE, 14TH FLOOR
WHITE PLAINS
NY
10601
1
0
1
0
Class A Common Stock
2022-07-21
4
A
0
880600
10.00
A
880600
I
Through Fortistar LLC
Class D Common Stock
2022-07-21
4
A
0
142377450
0
A
143258050
I
Through OPAL HoldCo LLC
Class D Common Stock
2022-07-21
4
A
0
2021587
0
A
145279637
I
Through Hillman RNG Investments, LLC
Class B Common Units of OPAL Fuels LLC
2022-07-21
4
A
0
142377450
0
A
Class C Common Stock
142377450
142377450
I
Through OPAL HoldCo LLC
Class B Common Units of OPAL Fuels LLC
2022-07-21
4
A
0
2021587
0
A
Class C Common Stock
2021587
2021587
I
Through Hillman RNG Investments, LLC
The reported amount of shares of Class A Common Stock were purchased by Fortistar LLC ("Fortistar") for a purchase price of $10.00 per share, pursuant to the terms of that certain Subscription Agreement, dated December 2, 2021, between ArcLight Clean Transition Corp. II and Fortistar. Each holder of Class A Common Stock will be entitled to one vote for each share of Class A Common Stock held of record by such holder on all matters on which stockholders generally are entitled to vote. Mr. Comora controls Fortistar as its President and Sole Member and he is deemed to have beneficial ownership of the securities held by Fortistar.
The reported amount of shares of Class D Common Stock were received as consideration in connection with the Business Combination Agreement, as defined in the Issuer's prospectus filed with the Securities and Exchange Commission on June 27, 2022 (the "Business Combination Agreement"), with the number of such shares of Class D common stock equal to the number of Class B Common Units of OPAL Fuels LLC received by the reporting person as consideration for common units of OPAL Fuels LLC in connection with the Business Combination Agreement. Shares of Class D Common Stock have no economic value but entitle the holder thereof to five votes per share for each share of Class D Common Stock held of record by such holder on all matters on which stockholders generally are entitled to vote. The Issuer is the managing member of OPAL Fuels LLC, a Delaware limited liability company, which directly or indirectly holds substantially all of the consolidated assets and business of the Issuer.
The reported amount of shares of Class D Common Stock consists of 142,377,450 shares of Class D Common Stock owned of record by OPAL HoldCo LLC ("OPAL HoldCo"), but excludes an aggregate of 9,657,625 shares of Class D Common Stock potentially issuable to OPAL HoldCo in connection with the First Earnout Tranche and Second Earnout Tranche, as described in the Issuer's prospectus filed with the Securities and Exchange Commission on June 27, 2022 (File No. 333-262583) (the "First Earnout Tranche" and the "Second Earnout Tranche"). Mr. Comora controls OPAL HoldCo through Fortistar and certain of its subsidiaries and affiliates. Accordingly, the reporting person is deemed to have beneficial ownership of the securities held by OPAL Holdco.
The reported amount of shares of Class D Common Stock consists of 2,021,587 shares of Class D Common Stock owned of record by Hillman RNG Investments, LLC ("Hillman"), but excludes an aggregate of 137,127 shares of Class D Common Stock potentially issuable to Hillman in connection with the First Earnout Tranche and Second Earnout Tranche. Mr. Comora controls Hillman through Fortistar and certain of its subsidiaries and affiliates. Accordingly, the reporting person is deemed to have beneficial ownership of the securities held by Hillman.
The Class B Common Units of OPAL Fuels LLC are redeemable at any time by the Reporting Person for, at the election of the Issuer, newly-issued Class C common stock on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class C common stock for each Class B Common Unit redeemed. Upon the redemption of any Class B Common Units, a number of Class D common stock equal to the number of Class B Common Units that are redeemed will be cancelled by the Issuer for no consideration.
Represents Class B Common Units received as consideration for common units of OPAL Fuels LLC in connection with the Business Combination Agreement.
/s/ John Coghlin, as Attorney-in-Fact
2022-07-25