---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-22-000063"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:47:00.869762+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels completes warrant exchange, eliminating all warrants; shares up ~14.8%

## Summary
- 85.7% of warrants (13.24M) tendered; 0.250 shares per warrant in offer.
- Remaining outstanding warrants (14.3%) to be exchanged at 0.225 shares per warrant on Dec 23, 2022.
- Post-exchange: 29.48M Class A shares outstanding, up 14.8% vs pre-offer; public warrants to be delisted.
- Purpose: simplify capital structure and reduce potential dilution from warrants.

## SEC filing metadata
- accession: 0001842279-22-000063
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000063/0001842279-22-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000063/opal-20221216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-22-000063
- JSON: https://secwatch.observer/filing/0001842279-22-000063.json
- Plain text: https://secwatch.observer/filing/0001842279-22-000063.txt

## Key facts
- Material Agreements
  OPAL Fuels Inc. amended Warrant Amendment with Continental Stock Transfer & Trust Company (effective 2022-12-19).
  - Action: amendment
  - Counterparty: Continental Stock Transfer & Trust Company
  - Effective: 2022-12-19
  source text: ement”) to permit the Company to require that each warrant that is outstanding upon the closing of the Offer be exchanged for 0.225 shares of Class A common stock, which is a ratio 10% less than the exchange ratio applicable to the Offer (such amendment, the “Warrant Amendment”). The Offer and Consent Solicitation expired at 11:59 p.m., Eastern Time, on December 16, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227922000063/0001842279-22-000063-index.htm

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