Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.
Verde Clean Fuels, Inc. - Class A (VGAS)
Company Research
Source: Business Wire
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 shareClosing of the investment is anticipated to occur during Q1 2025, subject to satisfaction of customary closing conditionsProceeds 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 purposesThe investment would increase Cottonmouth’s total investment in Verde to $70 million and Cottonmouth would become the second largest shareholder of VerdeIn connection with the investment, Verde will appoint a director and an observer, each designated by Cottonmouth, to Verde’s Board of Directors HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or, the “Company”) (NASDAQ: VGAS) announced today the entry into a stock purchase agreemen
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VGAS
Sec Filings
- 12/27/24 - Form PRE
- 12/20/24 - Form SCHEDULE
- 12/19/24 - Form 8-K
- VGAS's page on the SEC website