CENAQ restates balance sheet to classify all public shares as temporary equity

Verde Clean Fuels, Inc.

Audited balance sheet as of August 17, 2021 restated to report all public shares as temporary equity per ASC 480-10-S99.
No change to total assets, liabilities or operating results from the reclassification.
Management and audit committee concluded on November 23, 2021; restatement included in Q3 2021 10-Q.
Prior balance sheet and related communications should no longer be relied upon.
Restatement discussed with independent auditor Marcum LLP.

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