Company: VGASW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-020032
Chunk: 50

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 50
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 CENAQ and Arb Clean Fuels agreed to terminate the Arb Subscription Agreement due to the Arb Investors purchasing shares of Class A Common Stock in an amount equal to or greater than $14,250,000 (the “

#### Arb Termination
”). On February 14, 2023, CENAQ and an Original PIPE Investor who agreed to purchase 200,000 shares of Class A Common Stock (the “

#### Terminating PIPE Investor
”) for an aggregate purchase price of $2,000,000 in the Original PIPE agreed to terminate such Terminating PIPE Investor’s subscription agreement (together with the Arb Termination, the “

#### Terminations
”) due to the Terminating PIPE Investor purchasing 387,973 shares of Class A Common Stock at the Per Share Redemption Price and for an aggregate amount of approximately $4,000,000 from CENAQ’s redeeming stockholders.

On February 10, 2023 and February 13, 2023, CENAQ entered into separate subscription agreements (collectively, the “

#### New Subscription Agreements
” and, together with the Original Subscription Agreements, the “

#### Subscription Agreements
”) with a number of investors (collectively, the “

#### New PIPE Investors
” and, together with the Original PIPE Investors, the “

#### PIPE Investors
”), pursuant to which the New PIPE Investors agreed to purchase, and CENAQ agreed to sell to the New PIPE Investors, an aggregate of 2,400,000 shares of Class A Common Stock (the “

#### New PIPE Shares
”) for a purchase price of $10.00 per share, or an aggregate purchase price of $24,000,000, in a private placement (the “

#### New PIPE
”). The New PIPE Investors include Cottonmouth and a European-based clean technology fund.

The Company received $32,000,000 in proceeds from the Original PIPE (after taking into account the Terminations) and the New PIPE.

#### A&R Registration Rights Agreement
In connection with the Closing, that certain registration rights agreement dated August 17, 2021 (the “

#### IPO Registration Rights Agreement
”) was amended and restated by the Company, certain persons and entities holding securities of CENAQ prior to the Closing (the “

#### Initial Holders
”) and certain persons and entities that received Class A Common Stock (including the Sponsor and Holdings) and Class C Common Stock (including Holdings) pursuant to the Business Combination Agreement (