---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-036906"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2026-05-20T20:18:47+00:00"
generated_at: "2026-05-20T21:02:19.933757+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels amends Series A-1 Preferred: dividend rate to 12%, PIK cap at 2%

## Summary
- Annual dividend rate increased from 8% to 12%, compounding quarterly; PIK limited to 2% per annum, remainder cash.
- Change of control definition revised; mandatory redemption triggers now include uncured Trigger Event or 5th anniversary of March 2026.
- New Trigger Event framework with penalty rate of 0.50% per quarter (max 4% annual) if material breach or lender acceleration.
- Removal of delayed redemption conversion rights; holders retain rights with new protective provisions and restrictions.
- Expanded protective provisions require consent for debt above limit, senior/pari passu issuances, affiliate transactions, etc.

## SEC filing metadata
- accession: 0001628280-26-036906
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2026-05-20T20:18:47+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000162828026036906/0001628280-26-036906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000162828026036906/opal-20260518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-036906
- JSON: https://secwatch.observer/filing/0001628280-26-036906.json
- Plain text: https://secwatch.observer/filing/0001628280-26-036906.txt

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