# EDGAR Filing Document

**Accession Number:** 0001845437
**File Stem:** 0001845437-25-000046
**Filing Date:** 2025-6
**Character Count:** 5479
**Document Hash:** 47629aed9f335eff0c6788fe80f8e648
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001845437-25-000046.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0001845437-25-000046

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250612

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NET Power Inc.
- **CENTRAL INDEX KEY:** 0001845437
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRICAL INDUSTRIAL APPARATUS [3620]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 981580612
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40503
- **FILM NUMBER:** 251061668

**BUSINESS ADDRESS:**
- **STREET 1:** 320 RONEY STREET, SUITE 200
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27701
- **BUSINESS PHONE:** (919) 287-4750

**MAIL ADDRESS:**
- **STREET 1:** 320 RONEY STREET, SUITE 200
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Rice Acquisition Corp. II
- **DATE OF NAME CHANGE:** 20210210

?xml version='1.0' encoding='ASCII'? npwr-20250612

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): **June 12, 2025**

**NET POWER INC.** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40503** | **98-1580612** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

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| | |
|:---|:---|
| **320 Roney St., Suite 200**<br>**Durham**, **North Carolina** | **27701** |
| (Address of principal executive offices) | (Zip Code) |

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**(919) 287-4750**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, par value $0.0001 per share | NPWR | The New York Stock Exchange |
| Warrants, each exercisable for one share of Class A Common Stock at a price of $11.50 | NPWR WS | The New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**&nbsp;&nbsp;&nbsp;&nbsp;**

On June 8, 2023, NET Power Inc. (the "Company") and NET Power Operations LLC ("Opco") entered into a Tax Receivable Agreement with Opco unitholders who received membership units in Opco ("Opco Units") as consideration for equity interests in NET Power, LLC (the "TRA Unitholders") and the Agent (as defined therein). The Tax Receivable Agreement obligated the Company to pay to the TRA Unitholders 75% of the tax savings that the Company realizes as a result of increases in tax basis in Opco's assets resulting from the exchange of Opco Units for shares of the Company's Class A common stock (or cash) pursuant to the limited liability company agreement of Opco, as well as certain other tax benefits, including tax benefits attributable to payments under the Tax Receivable Agreement.

On May 12, 2025, pursuant to its rights under the Tax Receivable Agreement, the Company delivered to the Agent a duly executed early termination notice setting forth the underlying calculations to support an early termination payment amount of $0.00 due to each TRA Holder (the "Early Termination Notice"). The Early Termination Notice became final and binding on all parties to the Tax Receivable Agreement 30 calendar days from the date on which the Early Termination Notice was delivered to the Agent, and the Tax Receivable Agreement was terminated and of no further force or effect as of June 12, 2025.

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| Dated: | June 20, 2025 | **NET POWER INC.** | **NET POWER INC.** |
|  |  | By: | /s/ Daniel J. Rice IV |
|  |  | Name: | Daniel J. Rice IV |
|  |  | Title: | Chief Executive Officer |

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