Company: VGASW
Filing Date: 2025-01-06
Form Type: DEF 14C
Source: 0001213900-25-000941
Chunk: 4

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-01-06
Form: DEF 14C
Chunk 4
---
 writing to such action. This Information Statement serves as the notice required by Section 228 and Section 2.11 of the Bylaws. Preemptive Rights To the extent Class C LLC Units (as defined in the Existing Charter) are issued pursuant to the OpCo LLC Agreement (as defined in the Existing Charter) to anyone other than the Company or a wholly owned subsidiary of the Company, an equivalent number of shares of Class C Common Stock (subject to adjustment as set forth in the Existing Charter) shall be issued at par to the same Person (as defined in the Existing Charter) to whom such Class C LLC Units are issued. Dissenters’ Rights of Appraisal The DGCL does not provide dissenters’ rights of appraisal to our stockholders in connection with the matters discussed in this Information Statement. 2 RESTATED CHARTER The Company’s Board unanimously adopted a resolution pursuant to which it determined that it is in the best interests of the Company and our stockholders to effect, immediately prior to and contingent upon the consummation of the Closing, the amendment and restatement of our Existing Charter, in the form of the Restated Charter, and recommended that stockholders approve and adopt the Restated Charter. In addition, the Majority Holder has executed the Written Consent approving and adopting the Restated Charter as described herein. Background of the Restated Charter Existing Relationship with Cottonmouth On August 12, 2022, the Company, Bluescape Clean Fuels Holdings, LLC, a Delaware limited liability company (“Holdings”), Bluescape Clean Fuels Intermediate Holdings, LLC, a Delaware limited liability company, and Verde Clean Fuels OpCo, LLC, a Delaware limited liability company (“OpCo”), and solely with respect to Section 6.18 therein, CENAQ Sponsor LLC, a Delaware limited liability company (the “Sponsor”), entered into that certain Business Combination Agreement and Plan of Reorganization (as amended, the “Business Combination Agreement”), pursuant to which the parties to the Business Combination Agreement consummated the transactions described therein (the “Business Combination”) on February 15, 2023. In connection with the closing of the Business Combination, the Company issued and sold to Cottonmouth 2,000,000shares of its Class A Common Stock in a private placement for an aggregate purchase price of $20,000,000 (the “Initial Cottonmouth Investment”) and entered into that certain Equity Participation Right Agreement, dated as of February 13, 2023 (the “Existing Equity Participation Right Agreement”), by