secwatch.observer — SEC 8-K summary
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Issuer:     NET Power Inc. (NPWR)
CIK:        0001845437
Form:       8-K
Filed at:   2026-10-22T20:10:24+00:00
Accession:  0001104659-26-118155
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NET Power extends Saulsbury EPC notice-to-proceed deadline to March 31, 2027 from October 15
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- Agreement to Extend FNTP Date, effective Oct 15, 2026, pushes the full notice-to-proceed and Mobilization Payment deadline to March 31, 2027.
- Extension defers the $3.5M termination fee to Saulsbury only if the Fourth Amendment and a limited notice to proceed (LNTP) are executed and LNTP payments made by Nov 15, 2026.
- If those are not executed or paid by Nov 15, 2026, Net Power must pay Saulsbury $3.5M within 10 days of written demand and invoice.
- Net Power, LLC took over EMPower USA's Owner position under the Dec 15, 2025 Saulsbury EPC contract via an Aug 27, 2026 consent to assignment.
- Company cites no committed equipment or project-level financing, no final investment decision; EMPower consideration is nonrefundable and Wärtsilä equipment spend may not be recovered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845437/000110465926118155/0001104659-26-118155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845437/000110465926118155/tm2628142d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-118155

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