8-K
filed July 27, 2022, 7:59 PM ET
ticker OPAL
CIK 0001842279
M&A
confidence high
sentiment neutral
materiality 0.75
OPAL Fuels completes de-SPAC merger with ArcLight, begins trading as OPAL on Nasdaq
OPAL Fuels Inc.
- Received $105.8M from PIPE investors (10.58M shares); $274.2M redeemed by public shareholders.
- Post-closing: 25.17M Class A shares and 144.4M Class D (super-voting) shares outstanding.
- Mark Comora entities hold 85.7% voting power via super-voting Class D and exchangeable units.
- New OPAL Class A (OPAL) and warrants (OPALW) began trading on Nasdaq on July 22, 2022.
- Entered Tax Receivable Agreement (85% of tax savings paid to TRA participants) and 180-day lock-up.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
John F. Erhard resigned as President and Chief Executive Officer at OPAL Fuels Inc..
- Action
- resigned
- Role
- President and Chief Executive Officer
Exact text from the filing
John F. Erhard resigned from his positions as ArcLight’s President and Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Steven Berkenfeld resigned as director at OPAL Fuels Inc..
- Action
- resigned
Exact text from the filing
each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Brian Goncher resigned as director at OPAL Fuels Inc..
- Action
- resigned
Exact text from the filing
each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Arno Harris resigned as director at OPAL Fuels Inc..
- Action
- resigned
Exact text from the filing
each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Daniel R. Revers resigned as Chairman at OPAL Fuels Inc..
- Action
- resigned
- Role
- Chairman
Exact text from the filing
Daniel R. Revers resigned from his position as ArcLight’s Chairman
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Marco F. Gatti resigned as Chief Financial Officer at OPAL Fuels Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Marco F. Gatti resigned from his position as ArcLight’s Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Christine M. Miller resigned as General Counsel at OPAL Fuels Inc..
- Action
- resigned
- Role
- General Counsel
Exact text from the filing
Christine M. Miller resigned from her position as ArcLight’s General Counsel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Dr. Ja-Chin Audrey Lee resigned as director at OPAL Fuels Inc..
- Action
- resigned
Exact text from the filing
each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
View on SEC.gov
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