SCHEDULE: NET Power Inc. Ownership Update: 8 Rivers Capital Reduces Stake

NET Power Inc. reports an amendment to its Schedule 13D, detailing changes in beneficial ownership, including the cessation of 8RCH, LLC as a reporting person and a sale of shares by NPEH, LLC.

Summary

• This filing is an amendment (Amendment No. 12) to a Schedule 13D for NET Power Inc., originally filed on June 20, 2023.
• The amendment details changes in beneficial ownership of Class A Common Stock.
• 8RCH, LLC is no longer a reporting person as of August 17, 2026, following an assignment of its equity interests in certain entities to Damian Beauchamp.
• NPEH, LLC sold 1,722,100 shares of Class A Common Stock between May 14, 2026, and August 17, 2026.
• As of August 17, 2026, 8 Rivers Capital, LLC and NPEH, LLC collectively beneficially own 18,972,780 shares of Class A Common Stock, representing 17.86% of the outstanding shares.
• Damian Beauchamp's beneficial ownership is reported as 18,972,780 shares (17.86%) due to his relationships with entities holding these shares.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to a significant reduction in beneficial ownership by a key reporting person and a notable sale of shares, indicating potential shifts in strategic holdings.

Positives

• The filing clarifies ownership structures and reporting obligations, providing transparency.
• The percentage of shares held by 8 Rivers Capital, LLC and NPEH, LLC remains substantial at 17.86%, indicating continued significant interest.

Negatives

• 8RCH, LLC, previously a reporting person, has ceased to be one due to an equity assignment, reducing the number of formally reporting entities.
• NPEH, LLC sold a significant number of shares (1,722,100) between May 14, 2026, and August 17, 2026.
• The effective date of the assignment for 8 Rivers Capital, LLC was August 17, 2026, indicating a recent change in indirect ownership.

Risks

• The sale of shares by NPEH, LLC could indicate a reduction in immediate liquidity or a strategic divestment, potentially impacting market perception.
• The restructuring of ownership through the Assignment, while not changing Mr. Beauchamp's ultimate beneficial ownership, complicates the reporting structure and may raise questions about future strategic intentions.

Future Outlook

No specific forward-looking statements or guidance are provided in this amendment, which focuses on reporting changes in beneficial ownership and past transactions.

Management Comments

• "Because of the foregoing relationships, Mr. Beauchamp may be deemed to beneficially own the shares of Class A Common Stock that may be beneficially owned by 8 Rivers."
• "The Assignment therefore effected a restructuring of the manner in which Mr. Beauchamp holds his interests in Tillandsia, Areca and Chamaedorea, and did not result in any acquisition or disposition of, or any change in, the beneficial ownership of shares of Class A Common Stock by Mr. Beauchamp."
• "Following the Assignment, Mr. Beauchamp directly owns 100% of the outstanding equity of each of Tillandsia, Areca and Chamaedorea, and 8RCH holds no direct or indirect interest in the Issuer."
• "As of August 17, 2026, Mr. Beauchamp directly owns 100% of the outstanding equity of each of Tillandsia, Areca, and Chamaedorea, pursuant to an assignment of 50% the outstanding equity of each of Tillandsia, Areca, and Chamaedorea by 8RCH, LLC ("8RCH") to Mr. Beauchamp (the "Assignment")."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes in public companies. This amendment reflects a common corporate restructuring maneuver where beneficial ownership is consolidated or shifted among related entities, often to streamline reporting or internal management, but can also signal changes in strategic direction or investment philosophy.

Related Party Transactions

• Assignment of 50% of the outstanding equity of Tillandsia, Inc., Areca, Inc., and Chamaedorea, Inc. from 8RCH, LLC to Damian Beauchamp.

Stakeholder Impact

• Shareholders: The sale of shares by NPEH, LLC might be interpreted as a reduction in commitment or a need for liquidity, potentially affecting share price. The consolidation of ownership under Mr. Beauchamp could signal a more unified strategic vision.
• Management: The restructuring clarifies reporting lines and beneficial ownership, potentially simplifying governance oversight.
• Creditors: No direct impact is indicated, as the filing concerns equity ownership and not debt.

Next Steps

• Continued monitoring of NET Power Inc.'s Schedule 13D filings for any further changes in beneficial ownership or significant transactions.
• Observation of any subsequent disclosures by 8 Rivers Capital, LLC, NPEH, LLC, or Damian Beauchamp regarding their holdings and intentions.

Key Dates

Recommendation

The filing indicates a significant restructuring of ownership and a sale of shares by a major holder. While the ultimate beneficial owner (Damian Beauchamp) remains consistent, the reduction in shares held by NPEH and the cessation of 8RCH as a reporting entity introduce some uncertainty. The continued substantial ownership (17.86%) by 8 Rivers Capital and NPEH suggests ongoing strategic interest, warranting a 'hold' position pending further clarity on the implications of these changes.

Keywords

NET Power Inc., Schedule 13D, Beneficial Ownership, Class A Common Stock, 8 Rivers Capital, NPEH, Damian Beauchamp, Ownership Change