Company: VGASW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-020032
Chunk: 49

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 49
---
,000,000, in a private placement (the “

#### Original PIPE
”). Of the 8,000,000 shares of Class A Common Stock subscribed for in the Original PIPE, Arb Clean Fuels Management LLC (“

#### Arb Clean Fuels
”), an entity affiliated with a member of the Sponsor, agreed to purchase, and CENAQ agreed to sell to Arb Clean Fuels, 7,000,000 shares of Class A Common Stock (the “

#### Committed Amount
”)

<div align='center'>31</div>

for an aggregate purchase price of $70,000,000 (the “

#### Committed Purchase Price
”); provided, that, under its subscription agreement (the “

#### Arb Subscription Agreement
”), to the extent the funds in CENAQ’s trust account (the “

#### Trust Account
”) immediately prior to the Closing, after giving effect to the exercise of stockholder’s redemption rights, exceed $17,420,000, the Committed Amount will be reduced by one share of Class A Common Stock for every $10.00 in excess of $17,420,000 in the Trust Account; provided, further, that in no event will the Committed Amount be reduced by more than 2,000,000 shares of Class A Common Stock or the Committed Purchase Price be reduced by more than $20,000,000 (the “

#### Reduction Option
”).

On February 13, 2023, Arb Clean Fuels and CENAQ entered into an amendment to the Arb Subscription Agreement (the “

#### Arb Amendment
”), pursuant to which, among other things, (i) the Committed Amount was lowered to 1,500,000 shares of Class A Common Stock for an aggregate purchase price of $15,000,000 and the Reduction Option was removed, (ii) certain investors associated with Arb Clean Fuels (the “

#### Arb Investors
”) agreed to purchase shares of Class A Common Stock at the per share redemption price of approximately $10.31 per share (the “

#### Per Share Redemption Price
”) in an aggregate amount equal to or greater than $14,250,000 from CENAQ’s redeeming stockholders and (iii) if the Arb Investors purchased shares of Class A Common Stock in an amount equal to or greater than $14,250,000, CENAQ will terminate the Arb Subscription Agreement on or prior to the Closing. On February 14, 2023,