Verde Positioned to be Leading Provider of Renewable Gasoline Verde Announces Joint Venture with Diamondback Energy in Permian Basin Verde Clean Fuels, Inc. ("Verde"), a company focused on becoming leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced the completion of the previously announced business combination between CENAQ Energy Corp. (NASDAQ:CENQ) ("CENAQ") and Bluescape Clean Fuels Intermediate Holdings, LLC. Shares of Class A common stock of Verde will be traded on the NASDAQ Capital Markets starting on February 16, 2023 under the symbol "VGAS" along with the public warrants under the symbol "VGASW." Verde developed and ow

Houston, TX, Dec. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (("CENAQ", NASDAQ:CENQ) today announced several business updates regarding its previously announced initial business combination with Bluescape Clean Fuels Intermediate Holdings, LLC ("Bluescape"). Business Updates The business updates discussed with Bluescape included the following: The Inflation Reduction Act of 2022 contains incentives for the production of green hydrogen that should allow the post-combination company, Verde Clean Fuels, Inc. ("Verde"), to add green hydrogen production to its existing syngas to gasoline plus other products ("STG+®") process. By adding an external source

Houston, TX, Nov. 15, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (("CENAQ", NASDAQ:CENQ) announced that its board of directors has elected to extend the date by which CENAQ has to consummate a business combination by an additional three-month period from November 17, 2022 to February 16, 2023 (the "Extension"), as permitted under CENAQ's third amended and restated certificate of incorporation (the "Charter"). The Extension provides CENAQ with additional time to complete its previously announced initial business combination (the "Business Combination") with Bluescape Clean Fuels Intermediate Holdings, LLC ("Bluescape"). The Extension is the second of two three-month extensions permitted un

Bluescape Clean Fuels Intermediate Holdings, LLC ("BCF"), a Houston-based renewable gasoline company, is expected to merge with special purpose acquisition company CENAQ Energy Corp. (NASDAQ:CENQ) ("CENAQ"). On August 12, 2022, CENAQ and BCF entered into a business combination agreement. Upon closing, the combined company will be named Verde Clean Fuels, Inc. ("Verde Clean Fuels"), and is expected to become publicly listed on the NASDAQ under the symbol "VGAS." The transaction is expected to close during the first quarter of 2023. BCF owns a proprietary syngas-to-gasoline ("STG+®") technology which is expected to produce renewable gasoline utilizing waste feedstocks that are otherwise land

Houston, TX, Aug. 26, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. ((the "Company" or "CENAQ", NASDAQ:CENQ) announced today that it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). The notice has no immediate effect on the listing of the Company's securities on Nasdaq. The Company has 60 days, or until October 24, 2022, to submit a plan to regain compliance with resp

Houston, TX, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (("CENAQ", NASDAQ:CENQ) announced that its board of directors has elected to extend the date by which CENAQ has to consummate a business combination from August 17, 2022 to November 16, 2022 (the "Extension"), as permitted under CENAQ's third amended and restated certificate of incorporation. CENAQ must complete an initial business combination within 12 months from the closing of its initial public offering on August 17, 2021 (the "Initial Combination Period"), which may be extended by three months if it files a proxy statement, registration statement or similar filing for an initial business combination within the Initial C

Bluescape Clean Fuels, LLC is positioned to be a leading supplier of gasoline derived from renewable feedstocks through the development of multiple facilities across the United StatesThe transaction is expected to provide the combined company with a minimum of $80 million in gross proceeds from a simultaneous PIPE financing with proceeds to be utilized towards construction of Verde Clean Fuels' first commercial production facilityAfter CENAQ shareholder approval and closing of the transaction, the combined company is expected to have a pro forma enterprise value of $280 million and a pro forma implied market capitalization of $500 million assuming no redemptions by CENAQ shareholders HOUSTO