Verde Clean Fuels closes $50M equity investment by Diamondback subsidiary; appoints director

Verde Clean Fuels, Inc.

Cottonmouth purchased 12.5M shares at $4.00/share for $50M; total investment $70M, making Cottonmouth second largest shareholder.
Proceeds to fund development and construction of natural gas-to-gasoline plants using Verde's STG+ process.
Board expanded from 7 to 8; appointed Johnny Dossey (VP Marketing at Diamondback) as Cottonmouth's director designee.
Closing occurred Jan 29, 2025; shares issued in private placement.

item 1.01 item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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Appointed

Johnny Dossey

Director

VGAS · Verde Clean Fuels, Inc.

Effective: 2025-01-29
Filed: January 29, 2025, 6:59 PM ET

appointed Johnny Dossey as a Cottonmouth Director (as defined in the A&R Charter), effective as of the same date

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Johnny Dossey was appointed as Director at Verde Clean Fuels, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Johnny Dossey as a Cottonmouth Director (as defined in the A&R Charter), effective as of the same date

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Verde Clean Fuels, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-007878

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