Verde Clean Fuels secures $50M equity investment from Diamondback's Cottonmouth at $4/share

Verde Clean Fuels, Inc.

Cottonmouth Ventures (Diamondback subsidiary) to buy 12.5M shares at $4.00 for $50M total; close expected Q1 2025.
Proceeds to fund Permian Basin natural gas-to-gasoline plants using Verde's STG+ process; Cottonmouth becomes second-largest shareholder.
Board expands to 8; Cottonmouth gets one director seat and one observer right.
Shannon Linden resigns as Chief Accounting Officer effective Jan 3, 2025.
Shareholder written consent obtained for charter amendments and transaction approval.

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