NET Power Inc. shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-06-03 meeting.
“The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified. Votes For Votes Against Votes Abstained 190,733,676 53,520 32,538”
Shareholder Votes
NET Power Inc. shareholders approved Election of three Class III directors at the 2026-06-03 meeting.
“The following three individuals were elected to the Company’s Board of Directors to serve as Class III directors until the Company’s 2029 annual meeting of stockholders and until their successors have been duly elected and qualified. Name Votes For Votes Withheld Broker Non-Votes Joseph Kelliher 169,556,764 4,166,153 17,096,817 Brad Pollack 173,335,018 387,899 17,096,817 Daniel J. Rice IV 173,561,348 161,569 17,096,817”
Earnings Releases
NET Power Inc. reported financial results for the quarter and year ended December 31, 2025.
“Net Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the quarter and year ended December 31, 2025.”
Caleb Van Dolah was appointed as principal accounting officer at NET Power Inc..
“Also on June 6, 2025, the Company appointed Caleb Van Dolah as the Company’s principal accounting officer, effective as of June 15, 2025.”
Kelly Rosser departed as Chief Accounting Officer at NET Power Inc..
“On June 6, 2025, it was determined that Kelly Rosser will no longer serve as Chief Accounting Officer of Net Power Inc. (the “Company”), effective as of June 15, 2025 (the “Effective Date”).”
Marc Horstman was appointed as Chief Operating Officer at NET Power Inc..
“Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.”
Daniel J. Rice IV was appointed as President and Interim Chief Financial Officer at NET Power Inc..
“Also on April 14, 2025, the Company appointed Daniel J. Rice IV, the Company’s Chief Executive Officer, as President and Interim Chief Financial Officer and Marc Horstman as Chief Operating Officer.”
Akash Patel resigned as Chief Financial Officer at NET Power Inc..
“On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.”
Brian Allen resigned as President and Chief Operating Officer at NET Power Inc..
“On April 14, 2025, it was determined that Brian Allen and Akash Patel will no longer serve as President and Chief Operating Officer and Chief Financial Officer, respectively, of Net Power Inc. (the “Company”), effective as of April 15, 2025.”
Auditor Changes
NET Power Inc. engaged KPMG LLP as its auditor.
“On March 17 , 2025, the Audit Committee approved the engagement of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm to audit the Company’s financial statements as of and for the fiscal year ending December 31, 2025.”
Auditor Changes
NET Power Inc. dismissed Grant Thornton LLP as its auditor.
“On March 17, 2025 , the audit committee (the “Audit Committee”) of the board of directors of NET Power Inc. (the “Company”) dismissed Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm.”
Earnings Releases
NET Power Inc. reported financial results for the quarter ended March 31, 2024.
“On May 13, 2024, NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the quarter ended March 31, 2024.”
Earnings Releases
NET Power Inc. reported financial results for fourth quarter and year end 2023.
“NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the year ended December 31, 2023.”
Earnings Releases
NET Power Inc. reported financial results for three and nine months ended September 30, 2023.
“NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the three and nine months ended September 30, 2023.”
Earnings Releases
NET Power Inc. updated its second quarter of 2023 guidance (raised).
“NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the three and six months ended June 30, 2023.”
Auditor Changes
NET Power Inc. engaged Grant Thornton LLP as its auditor.
“On June 29, 2023, the Audit Committee approved the engagement of Grant Thornton LLP (“GT”) as the Company’s independent registered public accounting firm to audit the Company’s financial statements as of and for the year ending December 31, 2023.”
Auditor Changes
NET Power Inc. dismissed WithumSmith+Brown, PC as its auditor.
“On June 29, 2023, the audit committee (the “Audit Committee”) of the board of directors of NET Power Inc. (the “Company”) dismissed WithumSmith+Brown, PC (“Withum”) as the Company’s independent registered public accounting firm.”
Governance Changes
NET Power Inc.: Ceased to be a shell company upon closing of business combination (effective 2023-06-08).
“the Company ceased to be a shell company upon the Closing”
Governance Changes
NET Power Inc.: Adopted new code of ethics applicable to directors, executive officers and employees (effective 2023-06-08).
“on June 8, 2023, the Board approved and adopted a new code of ethics that applies to all of its directors, executive officers and other employees”
Governance Changes
NET Power Inc.: Adopted new Delaware certificate of incorporation in connection with business combination (effective 2023-06-08).
“filed a Delaware certificate of incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware”
M&A Transactions
NET Power Inc. completed an acquisition involving NET Power, LLC for 137,192,563 Opco Class A Units and an equivalent number of shares of Class B Common Stock (closed 2023-06-08).
“of NET Power, LLC or owned by any subsidiary of NET Power, LLC immediately prior to the Effective Time) were canceled and converted into the right to receive an aggregate of 137,192,563 Class A units of Opco (“Opco Class A Units”) and an equivalent number of shares of Class B Common Stock. Also on June 8, 2023, following the Domestication, the registrant”
James Wilmot Rogers resigned as Chief Financial Officer and Chief Accounting Officer at NET Power Inc..
“J. Kyle Derham resigned as the Company’s Chief Executive Officer and James Wilmot Rogers resigned as the Company’s Chief Financial Officer and Chief Accounting Officer.”
J. Kyle Derham resigned as Chief Executive Officer at NET Power Inc..
“J. Kyle Derham resigned as the Company’s Chief Executive Officer and James Wilmot Rogers resigned as the Company’s Chief Financial Officer and Chief Accounting Officer.”
James Lytal resigned as director of RONI at NET Power Inc..
“each of Jide Famuagun, Carrie M. Fox and James Lytal resigned as a director of RONI.”
Carrie M. Fox resigned as director of RONI at NET Power Inc..
“each of Jide Famuagun, Carrie M. Fox and James Lytal resigned as a director of RONI.”
Jide Famuagun resigned as director of RONI at NET Power Inc..
“each of Jide Famuagun, Carrie M. Fox and James Lytal resigned as a director of RONI.”
Shareholder Votes
NET Power Inc. shareholders approved Governing Documents Proposal C – To approve as an ordinary resolution, upon the Domestication, the provision that certain provisions of the Proposed Certificate of Incorporation are subject to the Stockholders’ Agreement (as defined in the Proxy Statement/Prospectus) at the 2023-06-06 meeting.
“Governing Documents Proposal C – To approve as an ordinary resolution, upon the Domestication, the provision that certain provisions of the Proposed Certificate of Incorporation are subject to the Stockholders’ Agreement (as defined in the Proxy Statement/Prospectus): Ordinary Share Abstentions Broker Non-Votes 32,306,878 2,337,781 239,095 0”
Shareholder Votes
NET Power Inc. shareholders approved Governing Documents Proposal B – To approve as an ordinary resolution, upon the Domestication, the authorization to the NET Power Inc. Board to issue any or all shares of NET Power Inc. preferred stock in one or more classes or series, with such terms and conditions as may be expressly determined by at the 2023-06-06 meeting.
“Governing Documents Proposal B – To approve as an ordinary resolution, upon the Domestication, the authorization to the NET Power Inc. Board to issue any or all shares of NET Power Inc. preferred stock in one or more classes or series, with such terms and conditions as may be expressly determined by the NET Power Inc. Board and as may be permitted by the Delaware General Corporation Law: Ordinary Share Abstentions Broker Non-Votes 30,464,385 4,178,373 240,996 0”
Shareholder Votes
NET Power Inc. shareholders approved Governing Documents Proposal A – To approve as an ordinary resolution, upon the Domestication, to change the authorized share capital of RONI from (i) 300,000,000 Class A Shares, (ii) 30,000,000 Class B Shares, and (iii) 1,000,000 preference shares, par value $0.0001, to (A) 520,000,000 shares of Cl at the 2023-06-06 meeting.
“Governing Documents Proposal A – To approve as an ordinary resolution, upon the Domestication, to change the authorized share capital of RONI from (i) 300,000,000 Class A Shares, (ii) 30,000,000 Class B Shares, and (iii) 1,000,000 preference shares, par value $0.0001, to (A) 520,000,000 shares of Class A Common Stock, (B) 310,000,000 shares of Class B Common Stock and (C) 1,000,000 shares of preferred stock, par value $0.0001 per share, of NET Power Inc. ("NET Power Inc. preferred stock"): Ordinary Share Abstentions Broker Non-Votes 29,683,857 4,962,402 237,495 0”
Shareholder Votes
NET Power Inc. shareholders approved To approve as a special resolution that, upon the Domestication, the amended and restated memorandum and articles of association of RONI (the “Existing Governing Documents”) be amended and restated by the proposed new certificate of incorporation of NET Power Inc. (the “Proposed Certificate of Incor at the 2023-06-06 meeting.
“The Charter Proposal – To approve as a special resolution that, upon the Domestication, the amended and restated memorandum and articles of association of RONI (the “Existing Governing Documents”) be amended and restated by the proposed new certificate of incorporation of NET Power Inc. (the “Proposed Certificate of Incorporation”) and the proposed new bylaws of NET Power Inc. (the “Proposed Bylaws”), including authorization of the change in authorized share capital as indicated therein and the change of name of “Rice Acquisition Corp. II” to “NET Power Inc.” in connection with the Business Combination: Ordinary Share Abstentions Broker Non-Votes 32,545,436 2,337,117 1,201 0”
Shareholder Votes
NET Power Inc. shareholders approved To approve as a special resolution that RONI be de-registered in the Cayman Islands pursuant to article 47 of its articles of association and registered by way of continuation as a corporation under the laws of the state of Delaware pursuant to Part XII of the Companies Act (As Revised) of the Cayma at the 2023-06-06 meeting.
“The Domestication Proposal – To approve as a special resolution that RONI be de-registered in the Cayman Islands pursuant to article 47 of its articles of association and registered by way of continuation as a corporation under the laws of the state of Delaware pursuant to Part XII of the Companies Act (As Revised) of the Cayman Islands and, conditional upon, and with effect from, the registration of RONI as a corporation in the State of Delaware, the name of RONI be changed from “Rice Acquisition Corp. II” to “NET Power Inc.”: Ordinary Share Abstentions Broker Non-Votes 32,545,436 2,337,118 1,200 0”
Shareholder Votes
NET Power Inc. shareholders approved To approve as an ordinary resolution and to adopt the Business Combination Agreement, including the Merger, and the transactions contemplated thereby at the 2023-06-06 meeting.
“The Business Combination Proposal – To approve as an ordinary resolution and to adopt the Business Combination Agreement, including the Merger, and the transactions contemplated thereby (the “Business Combination Proposal”): Ordinary Share Abstentions Broker Non-Votes 32,545,406 2,337,148 1,200 0”
Material Agreements
NET Power Inc. entered into May 25, 2023 Subscription Agreements with May 25, 2023 PIPE Investors valued at $15,000,000 (effective 2023-05-25).
“On May 25, 2023, RONI entered into subscription agreements (the “May 25, 2023 Subscription Agreements”) with certain investors (the “May 25, 2023 PIPE Investors”) pursuant to which, among other things, the May 25, 2023 PIPE Investors agreed to subscribe for and purchase, and RONI agreed to issue and sell to the May 25, 2023 PIPE Investors, an aggregate of 1,500,000 shares of Class A Common Stock for an aggregate purchase price of $15.0 million, on the terms and subject to the conditions set forth therein.”
Material Agreements
NET Power Inc. entered into SK PIPE Subscription Agreement with Tillandsia, Inc. ("SK") valued at $50.0 million (effective 2023-05-18).
“On May 18, 2023, RONI and Tillandsia, Inc. ("SK") entered into a subscription agreement (the "SK PIPE Subscription Agreement"), pursuant to which, among other things, SK agreed to subscribe for and purchase, and RONI has agreed to issue and sell to SK, 5,000,000 shares of Class A Common Stock for a purchase price of $50.0 million”
Material Agreements
NET Power Inc. amended First Amendment to the Business Combination Agreement with RONI Buyer and NET Power (effective 2023-04-23).
“On April 23, 2023, in connection with the entry into the OXY Subscription Agreements, RONI Buyer and NET Power entered into the First Amendment to the Business Combination Agreement (the "BCA Amendment"; the Original Business Combination Agreement, as amended by the BCA Amendment, the "Business Combination Agreement").”
Material Agreements
NET Power Inc. entered into a equity purchase with four trusts, the beneficiaries of which are members of the Rice family valued at aggregate purchase price of $25.0 million (effective 2023-04-23).
“Also on April 23, 2023, four trusts, the beneficiaries of which are members of the Rice family (together with OXY, the "2023 PIPE Investors"), have agreed to subscribe for and purchase, and RONI agreed to issue and sell to them, an aggregate of 2,500,000 shares of Class A Common Stock for an aggregate purchase price of $25.0 million, pursuant to a subscription agreement between each such trust and RONI, o n the terms and subject to the conditions set forth therein (together with the OXY 2023 PIPE Financing, the "2023 PIPE Financing").”
Material Agreements
NET Power Inc. entered into OXY Interim Financing Subscription Agreement with OLCV NET Power, LLC (OXY) valued at $10.0 million (effective 2023-04-23).
“In addition to such subscription, on April 23, 2023, OXY entered into a subscription agreement with NET Power (the "OXY Interim Financing Subscription Agreement" and, together with the OXY PIPE Subscription Agreement, the "OXY Subscription Agreements"), pursuant to which OXY agreed to purchase, and NET Power agreed to issue, 31,328 NET Power units to OXY for a purchase price of $10.0 million, which will ultimately convert into 1,000,000 Class A Units of RONI Opco and an equivalent number of shares of Class B common stock, par value $0.0001 per share, of RONI upon consummation of the transactions contemplated by the Business Combination Agreement.”
Material Agreements
NET Power Inc. entered into OXY PIPE Subscription Agreement with OLCV NET Power, LLC (OXY) valued at $250.0 million (effective 2023-04-23).
“On April 23, 2023, RONI and OLCV NET Power, LLC, a Delaware limited liability company and one of the 2022 PIPE Investors who is also a holder of NET Power equity ("OXY"), entered into a subscription agreement (the "OXY PIPE Subscription Agreement"), pursuant to which, among other things, OXY agreed to subscribe for and purchase, and RONI has agreed to issue and sell to OXY 25,000,000 shares of Class A Common Stock for a purchase price of $250.0 million, on the terms and subject to the conditions set forth therein (the "OXY PIPE Financing").”
Material Agreements
NET Power Inc. entered into Business Combination Agreement with NET Power, LLC (effective 2022-12-13).
“On December 13, 2022, Rice Acquisition Corp. II, a Cayman Islands exempted company ("RONI"), entered into a Business Combination Agreement (as may be amended, supplemented or otherwise modified from time to time, the "Business Combination Agreement" and the transactions contemplated thereby, collectively, the "Business Combination"), by and among RONI, Rice Acquisition Holdings II LLC, a Cayman Islands exempted company and majority-owned and controlled operating subsidiary of RONI ("RONI Opco"), Topo Buyer Co, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of RONI Opco ("RONI Buyer"), Topo Merger Sub, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of RONI Buyer ("Merger Sub"), and NET Power, LLC, a Delaware limited liability company ("NET Power").”
James Wilmot Rogers was appointed as Chief Financial Officer at NET Power Inc..
“appointed James Wilmot Rogers, age 41, as CFO”
J. Kyle Derham was appointed as Chief Executive Officer at NET Power Inc..
“Also on February 21, 2022, the Board (i) appointed J. Kyle Derham, age 34, to succeed Mr. Rice as CEO, (ii) removed Mr. Derham as the Company’s Chief Financial Officer (“CFO”) and (iii) appointed James Wilmot Rogers, age 41, as CFO, in each case, effective immediately.”
Daniel Joseph Rice, IV resigned as Chief Executive Officer at NET Power Inc..
“On February 21, 2022, Daniel Joseph Rice, IV resigned as the Chief Executive Officer (“CEO”) of Rice Acquisition Corp. II (the “Company”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.