---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-23-000011"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T06:02:41.030199+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels issues 49,633 shares to Encompass Capital to correct warrant exchange shortfall

## Summary
- Issued 49,633 unregistered Class A common shares to Encompass Capital Advisors as consideration for prior warrant tender agreement.
- Shares make up difference between 0.250 and 0.225 exchange ratios due to mailing error in Dec 2022 warrant exchange.
- Securities issued under Section 4(a)(2) and Rule 506; not registered under Securities Act.
- Encompass Capital originally held 1,985,236 warrants; received 446,676 shares instead of 496,309.

## SEC filing metadata
- accession: 0001842279-23-000011
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000011/0001842279-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000011/opal-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-23-000011
- JSON: https://secwatch.observer/filing/0001842279-23-000011.json
- Plain text: https://secwatch.observer/filing/0001842279-23-000011.txt

## Key facts
- Material Agreements
  OPAL Fuels Inc. entered into Purchase Agreement with certain accredited entities and managed accounts for which Encompass Capital Advisors LLC exercises investment discretion (effective 2023-03-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited entities and managed accounts for which Encompass Capital Advisors LLC exercises investment discretion
  - Effective: 2023-03-30
  source text: On March 30, 2023, OPAL Fuels Inc. (the “ Company ”) issued an aggregate of 49,633 shares of Class A common stock, par value $0.0001 per share (the “ Class A Common Stock ”), to certain accredited entities and managed accounts for which Encompass Capital Advisors LLC exercises investment discretion (the “ Investors ”) pursuant to a securities purchase agreement (the “ Purchase Agreement ”) with the Investors (the “ Offering ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000011/0001842279-23-000011-index.htm

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