NET Power Inc. Reports on Security Holder Vote
Ticker: NPWR-WT · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1845437
| Field | Detail |
|---|---|
| Company | Net Power Inc. (NPWR-WT) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
TL;DR
NET Power Inc. held a shareholder vote on June 4th, details filed today.
AI Summary
NET Power Inc. filed an 8-K on June 10, 2024, reporting on matters submitted to a vote of security holders on June 4, 2024. The company, formerly known as Rice Acquisition Corp. II, is incorporated in Delaware and headquartered in Durham, North Carolina.
Why It Matters
This filing indicates that NET Power Inc. held a vote of its security holders, which is a standard corporate governance event that can signal important decisions or approvals.
Risk Assessment
Risk Level: low — This is a routine corporate filing regarding a shareholder vote, not indicating any immediate financial distress or significant operational change.
Key Players & Entities
- NET Power Inc. (company) — Registrant
- Rice Acquisition Corp. II (company) — Former company name
- June 4, 2024 (date) — Date of earliest event reported
- June 10, 2024 (date) — Date of report
- Durham, North Carolina (location) — Principal executive offices location
FAQ
What specific matters were submitted to a vote of NET Power Inc.'s security holders on June 4, 2024?
The filing states that the report is pursuant to "Submission of Matters to a Vote of Security Holders" but does not detail the specific proposals voted upon in the provided text.
When was NET Power Inc. formerly known as Rice Acquisition Corp. II?
The former company name was Rice Acquisition Corp. II, with a date of name change to NET Power Inc. on February 10, 2021.
What is NET Power Inc.'s principal executive office address?
The principal executive offices are located at 320 Roney St., Suite 200, Durham, North Carolina 27701.
What is the IRS Employer Identification Number for NET Power Inc.?
The IRS Employer Identification Number for NET Power Inc. is 98-1580612.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 549 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-06-10 16:00:25
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share NPWR The New York Stock Excha
- $11.50 — e of Class A Common Stock at a price of $11.50 NPWR WS The New York Stock Exchange
Filing Documents
- npwr-20240604.htm (8-K) — 32KB
- 0001845437-24-000032.txt ( ) — 192KB
- npwr-20240604.xsd (EX-101.SCH) — 2KB
- npwr-20240604_def.xml (EX-101.DEF) — 14KB
- npwr-20240604_lab.xml (EX-101.LAB) — 27KB
- npwr-20240604_pre.xml (EX-101.PRE) — 16KB
- npwr-20240604_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.. NET Power Inc. (the "Company") held its annual meeting of stockholders on June 4, 2024. For more information on the following proposals submitted to stockholders, see the Company's definitive proxy statement dated April 26, 2024. Below are the final voting results. Proposal No. 1 - Election of Directors The following four individuals were elected to the Company's Board of Directors to serve as Class I directors until the Company's 2027 annual meeting of stockholders and until their successors have been duly elected and qualified. Name Votes For Votes Withheld Broker Non-Votes Ralph Alexander 184,472,629 762,240 4,281,571 Fred Forthuber 184,469,341 765,528 4,281,571 Carol Peterson 183,280,675 1,954,194 4,281,571 Eunkyung Sung 184,392,867 842,002 4,281,571 Proposal No. 2 - Ratification of Independent Registered Public Accounting Firm The appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified. Votes For Votes Withheld Votes Abstained 189,467,277 22,758 26,405 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. Dated: June 10, 2024 NET POWER INC. By: /s/ Akash Patel Name: Akash Patel Title: Chief Financial Officer