secwatch.observer — SEC 8-K summary
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Issuer:     Verde Clean Fuels, Inc. (VGAS)
CIK:        0001841425
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001213900-23-086145
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Clean Fuels reports Q3 2023 GAAP diluted loss per share of $(0.13); net loss swing from prior-year profit
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- GAAP diluted loss per share of $(0.13) for Q3 2023; net loss attributable to company of $773,192 vs net income of $4.35M in Q3 2022.
- Cash and cash equivalents at Sept 30, 2023 were $31.15M, up from $0.46M at Dec 31, 2022, funding development.
- Entered Master Services Agreement with Anacapa Engineering to support permitting for Elk Hills renewable gasoline project.
- In discussions with potential offtakers including super-majors for D3 RINs, LCFS credits, and gasoline.
- Negotiating Joint Development Agreement with Cottonmouth Ventures for first Permian Basin location; FEED/EPC selection underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841425/000121390023086145/0001213900-23-086145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841425/000121390023086145/ea188025-8k_verdeclean.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-086145

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