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

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

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

Extracted from this filing and checked against the source text.

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

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Verde Clean Fuels, Inc.: Amended and restated certificate of incorporation to increase authorized Class C common shares from 25M to 26M, increase board size from 7 to 8, and grant Cottonmouth stockholders director nomination and board observer rights while owning ≥10% voting power (effective 2025-01-29).

Change: charter amendment
Effective: 2025-01-29

Exact text from the filing

On January 29, 2025, immediately prior to the Closing, the Company filed the A&R Charter with the Secretary of State of the State of Delaware, which became effective upon filing.

View on SEC.gov

Browse all governance changes →

Verde Clean Fuels, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-007878

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.