Company: NPWR-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001845437-25-000061
Chunk: 41

Company: NET Power Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 — (875)— — (875)870 Unrealized gain on investments— — — — — 58 — 58 105 Amortization of share-based payments— — 1,562 — 2,511 — — 2,511 9,146 Adjustment of redeemable non-controlling interest to redemption value— — — — (62,634)— — (62,634)62,634 Net loss— — — — — — (411,498)(411,498)(748,308)Balance at September 30, 202577,883 $8 142,902 $14 $818,655 $119 $(675,034)$143,762 $438,726 

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

NET Power Inc.

Condensed Consolidated Statements of Mezzanine Shareholders' Equity and Shareholders' Equity (Unaudited) (Continued) 

In thousands

Class A Common StockClass B Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive IncomeAccumulated DeficitTotal Shareholders' EquityNon-controlling Interests - Mezzanine EquitySharesAmountSharesAmountBalance at December 31, 202371,278 $7 141,788 $14 $851,841 $— $(66,853)$785,009 $1,545,905 Redemption of Class B Common Stock680 — (680)— 74 — — 74 (74)Issuance of Class A Common Stock and reallocation of book value12 — — — 4,032 — — 4,032 (4,005)Tax Receivable Agreement, net of deferred taxes— — — — (567)— — (567)— Unrealized gain on investments— — — — — 224 — 224 438 Amortization of share-based payments— — 694 — 647 — — 647 5,622 Adjustment of redeemable non-controlling interest to redemption value— — — — (118,225)— — (118,225)118,225 Net loss— — — — — —