Net Power Inc. (NPWR) Form 8-K — Oct 22, 2026
Net Power extended the deadline to deliver the full notice to proceed and Mobilization Payment under its EPC Agreement with Saulsbury Industries from October 15, 2026 to March 31, 2027. The extension is conditional: Net Power and Saulsbury must execute the Fourth Amendment and a limited notice to proceed, with required payments, by November 15, 2026. If that fails, a $3.5 million termination payment becomes due on demand, and missing the March 31, 2027 deadline could allow termination of the EPC Agreement entirely.
Key figures
- Fntp Deadline
- March 31, 2027
- Warrant Strike Price
- 11.5
- Termination Payment Usd
- 3500000
- Interim Milestone Deadline
- November 15, 2026
- Termination payment trigger
- payable within 10 days of demand if Fourth Amendment and LNTP not executed by November 15, 2026
- Mobilization payment deadline extended from
- October 15, 2026
AI analysis
Red flags5 · Pro
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