secwatch.observer — SEC 8-K summary
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Issuer:     Verde Clean Fuels, Inc. (VGAS)
CIK:        0001841425
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001213900-24-027233
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Clean Fuels reports FY2023 net loss per share of $(0.45); updates on Permian Basin JDA
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- Net loss attributable to Verde Clean Fuels of $2.74M vs net income of $2.72M in FY2022.
- Cash and cash equivalents of $28.8M as of Dec 31, 2023, up from $0.46M year-end 2022.
- Joint Development Agreement with Cottonmouth Ventures (Diamondback subsidiary) for 3,000 bpd gasoline facility from stranded natural gas.
- Company selecting FEED/EPC partners and in preliminary offtake discussions for D3 RINs, LCFS credits, and gasoline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841425/000121390024027233/0001213900-24-027233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841425/000121390024027233/ea0202241-8k_verde.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-027233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer