Company: VGASW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052351
Chunk: 38

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 shares of Class A common stock underlying such Warrants.If and when the Warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws.No Warrants were exercised during the three and nine months ended September 30, 2025 and 2024.

NOTE 10 – LOSS PER SHARE

Loss per shareThe following table sets forth the computation of net loss used to compute basic net loss per share of Class A common stock:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except share and per share amounts)2025202420252024Net loss attributable to Verde Clean Fuels, Inc.$(1,155)$(778)$(3,662)$(2,454)Basic weighted-average shares outstanding18,836,078 6,336,078 17,508,239 6,269,230 Dilutive effect of share-based awards- - - - Diluted weighted-average shares outstanding18,836,078 6,336,078 17,508,239 6,269,230 Basic loss per share$(0.06)$(0.12)$(0.21)$(0.39)Diluted loss per share$(0.06)$(0.12)$(0.21)$(0.39)The Company’s Warrants, Sponsor earn out shares and stock options could have the most significant impact on diluted shares should the instruments represent dilutive instruments. However, securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when a loss from continuing operations exists or when the exercise price exceeds the average closing price of the Company’s Class A common stock during the period, because their inclusion would result in an anti-dilutive effect on per share amounts.As of September 30, 2025, the Company has not yet settled 20,832 of the vested RSUs, as the awardee elected to defer receipt. The Company includes the vested and deferred RSUs within weighted-average shares outstanding for the computation of basic and diluted loss per share. See Notes 8 and 10 for further information.The following amounts were not included in the calculation of net loss per diluted share for the periods presented because their effects were anti-dilutive:

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As of September 30,20252024Warrants15,383,26315,383,263Sponsor