secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001842279-24-000054
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPAL Fuels sells $11.1M IRA tax credits to Apollo for $9.0M net, first such deal
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- Sale of ~$11.1M in IRA investment tax credits from Emerald RNG facility (50% owned by OPAL).
- Purchase price of $8,985,585 net of fees; proceeds provide liquidity for growth initiatives.
- Transaction is OPAL Fuels' first IRA tax credit transfer under the Inflation Reduction Act.
- Buyer is a subsidiary of Apollo Global Management, Inc. (NYSE: APO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000054/0001842279-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000054/opal-20240913.htm
  HTML page:      https://secwatch.observer/filing/0001842279-24-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer