Verde Clean Fuels, Inc.
For the period ended Jan 29, 2025. Filed Jan 29, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jan 29, 2025 · Filed Jan 29, 2025
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INTRODUCTORY NOTE
As previously announced, on December 18, 2024, Verde Clean Fuels, Inc., a Delaware corporation (the “Company”), entered into the Class A Common Stock Purchase Agreement (the “Purchase Agreement”) with Cottonmouth Ventures LLC, a Delaware limited liability company (“Cottonmouth”).
On January 29, 2025, the Company consummated the transactions (the “Closing”) contemplated by the Purchase Agreement pursuant to which, among other things, the Company issued and sold to Cottonmouth in a private placement an aggregate of 12,500,000 shares (the “PIPE Shares”) of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), at a price of $4.00 per share for an aggregate purchase price of $50,000,000 (the “PIPE Investment”).
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on December 19, 2024, and is incorporated herein by reference.
Item 1.01. Entry into a Material Agreement.
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