---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-009248"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T05:02:53.424470+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rice Acquisition Corp. II restates financials; prior filings no longer reliable

## Summary
- Audit Committee concludes previously issued Q2 and Q3 2021 financials should be restated.
- Restatement reclassifies all public shares as temporary equity rather than permanent equity.
- Cash position and trust account balance are unaffected by the restatement.
- Company plans to file amended Q3 2021 10-Q and restate audited June 2021 balance sheet.
- Previously reported EPS and equity classification were materially misstated.

## SEC filing metadata
- accession: 0001213900-22-009248
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000121390022009248/0001213900-22-009248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000121390022009248/ea156049-8k_riceacq2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-009248
- JSON: https://secwatch.observer/filing/0001213900-22-009248.json
- Plain text: https://secwatch.observer/filing/0001213900-22-009248.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.