Company: NPWR-WT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015450
Chunk: 44

Company: NET Power Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 44
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 governance by overseeing the quality and integrity of the Company’s financial reporting process. Management has the primary responsibility for establishing and maintaining adequate internal control over financial reporting, for preparing the financial statements, and for the reporting process. The Audit Committee members do not serve as professional accountants or auditors, and their functions are not intended to duplicate or to certify the activities of management and the independent registered public accounting firm. The Company’s independent auditor is engaged to audit and report on the conformity of the Company’s financial statements to accounting principles generally accepted in the United States. In this context, the Audit Committee has:

| • | received the written disclosures and the letter from the independent auditor required by applicable requirements of the PCAOB regarding the independent auditor’s 
 communications with the Audit Committee concerning independence;                                                                                                  |

| • | discussed with Grant Thornton LLP its independence from Net Power and members of its management; and |

| • | had executive sessions with Grant Thornton LLP to provide them with the opportunity to discuss any other matters that they desired to raise without management 
 present.                                                                                                                                                       |

Based upon the reviews and discussions referred to above, the Audit Committee recommended to the Board that the Audited Financial Statements be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, for filing with the Securities and Exchange Commission. The Audit Committee Alejandra Veltmann (Chair) Ralph Alexander Carol Peterson March 5, 2025 40 OTHER INFORMATION Expenses of Solicitation The accompanying proxy is solicited by and on behalf of the Board, and the cost of such solicitation will be borne by Net Power. We will supply proxy materials to brokers and other nominees to solicit proxies from beneficial owners, and we will reimburse them for their expenses in forwarding solicitation materials. Solicitations also may be made by personal interview, mail, telephone, and electronic communications by directors, officers, and other Net Power employees without additional compensation. Other Matters As of the date of this Proxy Statement there are no other matters that we intend to present, or have reason to believe others will present, at the Annual Meeting. If, however, other matters properly come before the Annual Meeting, the accompanying proxy authorizes the persons named as proxies or their substitutes to vote on such matters as they determine appropriate. Proposals of Stockholders To be considered for inclusion in the proxy statement and proxy card for the 2026 annual meeting of stockholders (the “2026 Annual Meeting”), proposals of stockholders pursuant to Rule 14a-8 under the