0001213900-23-048297.txt : 20230612
0001213900-23-048297.hdr.sgml : 20230612
20230612194216
ACCESSION NUMBER: 0001213900-23-048297
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230608
FILED AS OF DATE: 20230612
DATE AS OF CHANGE: 20230612
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HEFFINGER BRANDON
CENTRAL INDEX KEY: 0001975934
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40503
FILM NUMBER: 231009886
MAIL ADDRESS:
STREET 1: C/O NET POWER, LLC
STREET 2: 404 HUNT STREET, STE 410
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: (346) 708-8272
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
4
1
ownership.xml
X0407
4
2023-06-08
0
0001845437
NET Power Inc.
NPWR
0001975934
HEFFINGER BRANDON
C/O NET POWER INC.
404 HUNT STREET, SUITE 410
DURHAM
NC
27701
0
1
0
0
Chief Commercial Officer
0
Class B Common Stock
2023-06-08
4
A
0
514559
A
514559
D
Class A Units of NET Power Operations LLC
2023-06-08
4
A
0
514559
A
Class A common stock
514559
514559
D
On June 8, 2023, as a result of the consummation of the transactions (the "Business Combination") contemplated by that certain Business Combination Agreement, dated December 13, 2022 and subsequently amended on April 23, 2023, by and among the issuer, NET Power Operations LLC (f/k/a Rice Acquisition Holdings II LLC) ("Opco"), Topo Buyer Co, LLC, Topo Merger Sub, LLC and NET Power, LLC ("Old NET Power"), in exchange for the equity interests of Old NET Power, which were cancelled, Mr. Heffinger received Class A units of Opco (the "Opco Units") and a corresponding number of shares of the issuer's Class B common stock (which together are exchangeable into shares of the issuer's Class A Common Stock on a one-for-one basis).
The Opco Units (together with the corresponding shares of the issuer's Class B common stock) are exchangeable into cash or shares of the issuer's Class A common stock, at the issuer's election, on a one-for-one basis and have no expiration date.
/s/ Abbey MacDonald, Attorney-in-Fact
2023-06-12