---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-042020"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:19:09.541720+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels completes de-SPAC merger with ArcLight, begins trading as OPAL on Nasdaq

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-042020
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01, 4.01, 3.03, 5.01, 5.02, 5.03, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/ea163248-8k_opal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-042020
- JSON: https://secwatch.observer/filing/0001213900-22-042020.json
- Plain text: https://secwatch.observer/filing/0001213900-22-042020.txt

## Key facts
- Executive change
  John F. Erhard resigned as President and Chief Executive Officer at OPAL Fuels Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: John F. Erhard resigned from his positions as ArcLight’s President and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Steven Berkenfeld resigned as director at OPAL Fuels Inc..
  - Action: resigned
  source text: each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Brian Goncher resigned as director at OPAL Fuels Inc..
  - Action: resigned
  source text: each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Arno Harris resigned as director at OPAL Fuels Inc..
  - Action: resigned
  source text: each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Daniel R. Revers resigned as Chairman at OPAL Fuels Inc..
  - Action: resigned
  - Role: Chairman
  source text: Daniel R. Revers resigned from his position as ArcLight’s Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Marco F. Gatti resigned as Chief Financial Officer at OPAL Fuels Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Marco F. Gatti resigned from his position as ArcLight’s Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Christine M. Miller resigned as General Counsel at OPAL Fuels Inc..
  - Action: resigned
  - Role: General Counsel
  source text: Christine M. Miller resigned from her position as ArcLight’s General Counsel
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm
- Executive change
  Dr. Ja-Chin Audrey Lee resigned as director at OPAL Fuels Inc..
  - Action: resigned
  source text: each of Arno Harris, Dr. Ja-Chin Audrey Lee, Brian Goncher and Steven Berkenfeld resigned from their positions as directors of ArcLight
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000121390022042020/0001213900-22-042020-index.htm

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