SCHEDULE: NET Power: Beauchamp Family Ownership Restructured
Beneficial Ownership Update
Damian Beauchamp acquired interests in 8RCH, LLC from Cynda Beauchamp, leading to a change in beneficial ownership reporting for NET Power Inc.
Summary
- Damian Beauchamp acquired 100% of the outstanding equity of 8RCH, LLC from Cynda Beauchamp on November 2, 2025, using personal funds.
- Following this sale, Cynda Beauchamp no longer beneficially owns 5% or more of NET Power Inc.'s Class A Common Stock and is no longer a Reporting Person.
- NPEH, LLC exchanged 2,000,000 Opco Units for 2,000,000 shares of Class A Common Stock on November 3, 2025, resulting in the cancellation of an equal number of Class B Common Stock shares.
- NPEH, LLC sold 134,347 shares of Class A Common Stock between October 30, 2025, and November 3, 2025.
- Collectively, 8 Rivers Capital, LLC, NPEH, LLC, Damian Beauchamp, and 8RCH, LLC beneficially own 24,568,533 shares of NET Power Inc.'s Class A Common Stock, representing 23.49% of the class.
- The percentage of ownership is calculated based on 83,882,957 shares of Class A Common Stock outstanding, which includes 20,729,880 shares issuable to NPEH upon the redemption and exchange of Opco Units.
Sentiment
Score: 5
Explanation: Neutral, as the filing primarily reports factual changes in beneficial ownership and related transactions without indicating positive or negative operational performance or strategic shifts for the company itself.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership among key founding entities and individuals, rather than an announcement related to broader industry trends or competitive positioning for NET Power Inc.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Beneficial Owner (indirect) | Cynda Beauchamp | Damian Beauchamp | 2025-11-02 | Sale of 100% interest in 8RCH, LLC from Cynda Beauchamp to Damian Beauchamp. |
Related Party Transactions
- Cynda Beauchamp sold her 100% interest in 8RCH, LLC to Damian Beauchamp on November 2, 2025. Damian Beauchamp used personal funds for this purchase. This transaction represents a transfer of ownership between related individuals within the beneficial ownership structure of NET Power Inc.
Stakeholder Impact
- Shareholders: A shift in indirect control and beneficial ownership structure among key founding entities and individuals, potentially consolidating influence under Damian Beauchamp.
Key Dates
| Date | Description |
|---|---|
| 2023-06-20 | Original Schedule 13D filed by 8 Rivers, NPEH, SK Inc., Tillandsia, Areca, and Chamaedoria. |
| 2024-05-28 | Amendment No. 1 to Schedule 13D filed. |
| 2024-09-23 | Amendment No. 2 to Schedule 13D filed. |
| 2024-10-21 | Amendment No. 3 to Schedule 13D filed. |
| 2024-11-26 | Amendment No. 4 to Schedule 13D filed. |
| 2025-07-17 | Amendment No. 5 to Schedule 13D filed. |
| 2025-07-30 | Joint Filing Agreement by and between 8 Rivers Capital, LLC, NPEH, LLC, Damian Beauchamp, Cynda Beauchamp, 8RCH, LLC, Tillandsia, Inc., Areca, Inc., Chamaedorea, Inc., and SK Inc. dated. |
| 2025-08-01 | Amendment No. 6 to Schedule 13D filed. |
| 2025-08-07 | 77,882,957 shares of Class A Common Stock issued and outstanding as reported in the Issuer's Form 10-Q. |
| 2025-10-15 | Start of period during which NPEH sold 2,161,347 shares of Class A Common Stock. |
| 2025-10-29 | Amendment No. 7 to Schedule 13D filed. |
| 2025-10-30 | Start of period during which NPEH sold 134,347 shares of Class A Common Stock. |
| 2025-11-02 | Cynda Beauchamp sold her interests in 8RCH, LLC to Damian Beauchamp. |
| 2025-11-03 | NPEH exchanged 2,000,000 Opco Units for 2,000,000 shares of Class A Common Stock. |
| 2025-11-03 | End of period during which NPEH sold 2,161,347 shares and 134,347 shares of Class A Common Stock. |
| 2025-11-04 | Date of signing for this Amendment No. 8 to Schedule 13D. |
Keywords
NET Power Inc., Class A Common Stock, Schedule 13D, beneficial ownership, 8 Rivers Capital, NPEH, Damian Beauchamp, Cynda Beauchamp, 8RCH, Opco Units, stock sale
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