Company: NPWR-WT
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001845437-25-000008
Chunk: 45

Company: NET Power Inc.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 16
Chunk 45
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 the weighted-average number of shares outstanding during the period. Diluted loss per share attributable to shareholders includes the effect of potentially dilutive common shares outstanding.Successor PeriodThe following table sets forth the computation of the Company’s basic and diluted earnings (loss) per share for the following periods:SuccessorPeriod FromJune 8, 2023Year Endedthrough$ in thousands, except for share and per share data December 31, 2024December 31, 2023NumeratorNet loss after income tax$(164,644)$(141,816)Net loss attributable to Net Power Inc.$(49,191)$(43,056)Denominator  Weighted-average number shares outstanding, basic and diluted73,396,761 69,755,848 Loss per share attributable to shareholders, basic and diluted$(0.67)$(0.62)Based on the amounts outstanding at December 31, 2024 and December 31, 2023, the Company excluded the following financial instruments from the computation of diluted loss per share because their inclusion would be anti-dilutive:December 31,Anti-Dilutive Instrument20242023Public Warrants8,620,5358,622,235Private Placement Warrants10,900,00010,900,000Earnout Shares328,925328,925BHES Bonus Shares2,068,4162,068,416Unvested Class A OpCo Units241,670848,415Vested Class A OpCo Units141,470,217141,304,030Unvested RSUs874,328443,221Unvested PSUs127,710—Make-Whole Awards1,257,467—Stock Options2,459,893—Total168,349,161164,515,242    In the Successor Period, only shares of Class A Common Stock participate in the Company’s undistributed earnings. As such, the Company’s undistributed earnings are allocated entirely to the Class A Common Stock based on the weighted-average number of shares of Class A Common Stock outstanding for the year ended December 31, 2024.

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Audited Financial Statements of NET Power Inc. - Table of Contents

Predecessor PeriodFor the period from January 1, 2023 through June 7, 2023 (Predecessor), the Company excluded 119,076 unvested profit interests from the computation of diluted net loss per unit because their inclusion would be anti-dilutive