Company: NPWR-WT
Filing Date: 2025-11-04
Form Type: SCHEDULE 13D/A
Source: 0001104659-25-106569
Chunk: 0

Company: NET Power Inc.
Filing Date: 2025-11-04
Form: SCHEDULE 13D/A
Chunk 0
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 shares (See Instructions) |
| 13                                                                 |                                                                              23.49 % |
| 14                                                                 |                                                                                   OO |

Comment for Type of Reporting Person: Row 8, 10 and 11. Beneficial ownership of shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of NET Power Inc. (the "Issuer") is being reported hereunder solely because the reporting person may be deemed to have beneficial ownership of such shares as a result of the relationships described under Item 2 and Item 3 and the matters described in Item 3, Item 4 and Item 5 of Schedule 13D (as defined below), as amended by this Amendment No. 8 (as defined below). Represents (i) 3,838,653 shares of Class A Common Stock held directly by NPEH and (ii) 20,729,880 Class A Units of NET Power Operations LLC ("Opco Units") held directly by NPEH, LLC ("NPEH"), that are exchangeable for shares of Class A Common Stock on a one-for-one basis as described herein. At the time of any such exchange, an equal number of shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer held directly by NPEH, which have no economic value, will be cancelled. Row 13. Based upon (i) 83,882,957 shares of Class A Common Stock issued and outstanding comprised of (a) 77,882,957 shares of Class A Common Stock issued and outstanding as of August 7, 2025, as reported in the Issuer's Current Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on August 11, 2025 (the "Issuer Form 10-Q"), (b) 2,161,347 shares of Class A Common Stock that were sold by NPEH between October 15, 2025 and November 3, 2025 following the redemption and exchange of an equal number of OpCo Units (and the cancellation of an equal number of shares of Class B Common Stock) and (c) 3,838,653 shares of Class A Common Stock held directly by NPEH and (ii) 20,729,880 shares of Class A Common Stock issuable to NPEH upon the redemption and exchange of an equal number of Opco Units (and