0001104659-23-073031.txt : 20230620
0001104659-23-073031.hdr.sgml : 20230620
20230620193000
ACCESSION NUMBER: 0001104659-23-073031
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230608
FILED AS OF DATE: 20230620
DATE AS OF CHANGE: 20230620
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SK INC.
CENTRAL INDEX KEY: 0001947998
STATE OF INCORPORATION: M5
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40503
FILM NUMBER: 231027029
BUSINESS ADDRESS:
STREET 1: 26, JONG-RO, JONGNO-GU
CITY: SEOUL
STATE: M5
ZIP: 03188
BUSINESS PHONE: 82221215114
MAIL ADDRESS:
STREET 1: 26, JONG-RO, JONGNO-GU
CITY: SEOUL
STATE: M5
ZIP: 03188
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: 8 Rivers Capital, LLC
CENTRAL INDEX KEY: 0001981100
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40503
FILM NUMBER: 231027030
BUSINESS ADDRESS:
STREET 1: 406 BLACKWELL STREET
STREET 2: 4TH FLOOR
CITY: DURHAM
STATE: NC
ZIP: 27701
BUSINESS PHONE: (919) 667-1800
MAIL ADDRESS:
STREET 1: 406 BLACKWELL STREET
STREET 2: 4TH FLOOR
CITY: DURHAM
STATE: NC
ZIP: 27701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NET Power Inc.
CENTRAL INDEX KEY: 0001845437
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 404 HUNT STREET, SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27701
BUSINESS PHONE: (919) 287-4750
MAIL ADDRESS:
STREET 1: 404 HUNT STREET, SUITE 410
CITY: DURHAM
STATE: NC
ZIP: 27701
FORMER COMPANY:
FORMER CONFORMED NAME: Rice Acquisition Corp. II
DATE OF NAME CHANGE: 20210210
3
1
tm2319137-1_3seq1.xml
OWNERSHIP DOCUMENT
X0206
3
2023-06-08
0
0001845437
NET Power Inc.
NPWR
0001981100
8 Rivers Capital, LLC
406 BLACKWELL STREET, 4TH FLOOR
DURHAM
NC
27701
0
0
1
0
0001947998
SK INC.
26, JONG-RO, JONGNO-GU
SEOUL
M5
03188
KOREA, REPUBLIC OF
0
0
1
0
Class A Common Stock
500000
D
Class A Common Stock
5000000
I
By: Tillandsia
Class B Common Stock
30005300
I
By: NPEH, LLC
Class A Units of NET Power Operations LLC
Class A Common Stock
30005300
I
By: NPEH, LLC
For each Class A Unit of Net Power Operations LLC, NPEH, LLC owns a corresponding share of Class B Common Stock of the Issuer. The Class A Units of NET Power Operations LLC (together with the corresponding shares of the Issuer's Class B Common Stock) are exchangeable into shares of the issuer's Class A Common Stock or, at the Issuer's election, cash, on a one-for-one basis and have no expiration date.
As holder of 100.0% of the outstanding equity in Tillandsia, Inc. ("Tillandsia"), SK Inc. ("SK") may be deemed to be a beneficial owner of the securities directly owned by Tillandsia. SK disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that SK is the beneficial owner of such securities for purposes of Section 16 or otherwise. 8 Rivers Capital, LLC ("8 Rivers") does not have any interest in the securities held by Tillandsia and thus expressly disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that 8 Rivers is the beneficial owner of such securities for purposes of Section 16 or otherwise.
As manager and holder of approximately 91.4% of the outstanding equity in NPEH, LLC, 8 Rivers may be deemed to be a beneficial owner of the securities directly owned by NPEH, LLC. 8 Rivers disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that 8 Rivers is the beneficial owner of such securities for purposes of Section 16 or otherwise.
SK indirectly beneficially owns 100.0% of each of Tillandsia, Areca, Inc. ("Areca") and Chamaedorea, Inc. ("Chamaedorea"). Each of Tillandsia, Areca and Chamaedorea beneficially owns approximately 15.4%, 26.7% and 20.3%, respectively, of the voting units of 8 Rivers and thus SK may be deemed to be a beneficial owner of the securities beneficially owned by 8 Rivers and NPEH, LLC. SK disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that SK is the beneficial owner of such securities for purposes of Section 16 or otherwise.
/s/ 8 Rivers Capital, LLC, By Cameron Hosie, Chief Executive Officer
2023-06-20
/s/ SK Inc, By Munhyuk Jang, Head of Corporate Management Department
2023-06-20