other material
confidence high
sentiment neutral
materiality 0.50
CENAQ files Bluescape Clean Fuels financials; target shows $3.6M net income, $225M deal value
Verde Clean Fuels, Inc.
- Cash increased to $1.44M at Sep 30, 2022 from $87.6K at Dec 31, 2021.
- Net income $3.6M for nine months ended Sep 2022 vs net loss $3.0M a year earlier.
- Contingent consideration liability cut to $1.67M from $8.85M due to expected SPAC merger.
- Business Combination Agreement signed Aug 12, 2022; implied value $225M to current equity holders.
- Company still pre-revenue; going concern raised but BERR committed to fund for at least one year.