Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Verde Clean Fuels, Inc. incurred loan of $1,725,000 with CENAQ Sponsor LLC at no interest maturing upon the earlier to occur of (i) the date on which CENAQ’s initial business combination is consummated and (ii) the liquidation of CENAQ on or before February 1.
- Instrument
- loan
- Principal
- $1,725,000
- Counterparty
- CENAQ Sponsor LLC
- Rate
- no interest
- Maturity
- upon the earlier to occur of (i) the date on which CENAQ’s initial business combination is consummated and (ii) the liquidation of CENAQ on or before February 1
- Event
- incurrence
Exact text from the filing
On November 15, 2022, CENAQ issued an unsecured promissory note (the “Note”) in the principal amount of $1,725,000 to CENAQ Sponsor LLC (the “Sponsor”) in connection with the Extension (as defined below). The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which CENAQ’s initial business combination is consummated and (ii) the liquidation of CENAQ on or before February 16, 2023 or such later liquidation date as may be approved by CENAQ’s stockholders.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Verde Clean Fuels, Inc. entered into Unsecured Promissory Note with CENAQ Sponsor LLC valued at $1,725,000 (effective 2022-11-15).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- CENAQ Sponsor LLC
- Value
- $1,725,000
- Effective
- 2022-11-15
Exact text from the filing
On November 15, 2022, CENAQ issued an unsecured promissory note (the "Note") in the principal amount of $1,725,000 to CENAQ Sponsor LLC (the "Sponsor") in connection with the Extension (as defined below).
View on SEC.gov