Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc. [Yahoo! Finance]
Diamondback Energy, Inc. (FANG)
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Source: Yahoo! Finance
Cottonmouth and Verde have entered into an agreement for a $50 million equity investment through the purchase of 12.5 million shares of Verde Class A common stock by Cottonmouth at a purchase price of $4.00 per share Closing of the investment is anticipated to occur during Q1 2025, subject to satisfaction of customary closing conditions Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants in the Permian Basin and for other general corporate purposes The investment would increase Cottonmouth's total investment in Verde to $70 million and Cottonmouth would become the second largest shareholder of Verde In connection with the investment, Verde will appoint a director and an observer, each designated by Cottonmouth, to Verde's Board of Directors HOUSTON, December 19, 2024 BUSINESS WIRE Verde Clean Fuels , Inc. ("Verde" or, the "Company") (NASDAQ: VGAS) announced today the entry in
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- Investors should 'expect more' energy deals in 2025: Portfolio mgr. [Yahoo! Finance]Yahoo! Finance
- Investors should 'expect more' energy deals in 2025: Portfolio mgr. [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Diamondback Energy (FANG) Is Among the Best Dividend Leaders to Buy According to Wall Street Analysts? [Yahoo! Finance]Yahoo! Finance
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target lowered by analysts at Piper Sandler from $252.00 to $232.00. They now have an "overweight" rating on the stock.MarketBeat
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target raised by analysts at Wells Fargo & Company from $218.00 to $219.00. They now have an "overweight" rating on the stock.MarketBeat
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