Form 4: 8 Rivers Capital and SK Inc. Report Changes in Beneficial Ownership of NET Power Inc. (NPWR) Shares
SEC Form 4
8 Rivers Capital, LLC and SK Inc. reported changes in their beneficial ownership of NET Power Inc. shares, involving sales of Class A Common Stock at varying prices.
Summary
- 8 Rivers Capital, LLC, through its manager and holder of approximately 91.4% of the outstanding equity in NPEH, LLC, reported the sale of NET Power Inc. Class A Common Stock.
- The sales occurred on September 9, 2024, September 10, 2024, and September 11, 2024.
- On September 9, 2024, 60,022 shares were sold at a weighted average price of $7.6045.
- On September 10, 2024, 300 shares were sold at $7.31.
- On September 11, 2024, 21,155 shares were sold at a weighted average price of $7.2844.
- Following these transactions, NPEH, LLC indirectly holds 107,852 shares of Class A Common Stock.
- SK Inc., indirectly owning 100% of Tillandsia, Inc., Areca, Inc., and Chamaedorea, Inc., which in turn own approximately 18.06%, 25.02%, and 23.41% respectively of the voting units of 8 Rivers, also reported these transactions.
- Both 8 Rivers Capital and SK Inc. disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock transactions.
Management Comments
- 8 Rivers Capital, LLC disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.
- SK Inc. disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.
Industry Context
This filing reflects ongoing transactions by major shareholders in NET Power Inc., which is relevant to understanding the ownership dynamics and investor sentiment surrounding the company.
Stakeholder Impact
- The transactions may influence investor perception of NET Power Inc. and potentially affect the stock price.
- Changes in ownership percentages could impact the influence of major shareholders on company decisions.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Sale of 60,022 shares of Class A Common Stock at a weighted average price of $7.6045. |
| 09/10/2024 | Sale of 300 shares of Class A Common Stock at $7.31. |
| 09/11/2024 | Sale of 21,155 shares of Class A Common Stock at a weighted average price of $7.2844. |
| 09/11/2024 | Signatures of Asheley Kinsey (8 Rivers Capital, LLC) and Munhyuk Jang (SK Inc.) |
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