• OPAL Fuels LLC, a subsidiary of OPAL Fuels, overhauled the terms of its Series A-1 Preferred Units through an amended and restated certificate of designations adopted on May 18, 2026.
• The dividend rate rises to 12% from 8%, with accrual compounding quarterly; the payment-in-kind feature is capped at 2% per year, leaving 10% payable in cash.
• Mandatory redemption rights expand to include requests following an uncured Trigger Event lasting 60 days or on or after the fifth anniversary of March 6, 2026, in addition to a Change of Control.
• The document removes delayed-redemption conversion rights; missed redemptions now keep units outstanding while a penalty framework can lift the coupon by up to 4% per year and direct excess cash flow to redemptions until cured.
• Series A-1 holders do not receive board-appointment rights, unlike Series A holders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OPAL Fuels Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-036906), on May 20, 2026, and is solely responsible for the information contained therein.