Company: VGASW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015480
Chunk: 134

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 134
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 share, for an aggregate purchase price of $32,000,000 in the PIPE Financing pursuant to the subscription agreements; •Delivery of $19,031,516 of proceeds from CENAQ’s trust account related to non-redeeming holders of 1,846,120 shares of Class A common stock; and•Repayment of $3,750,000 of capital contributions made by Holdings since December 2021 and payment of $10,043,793 of transaction expenses including deferred underwriting fees of $1,700,000.

F-14

Table of Contents

The following summarizes the shares of Verde Clean Fuels' Class A common stock and Class C common stock (collectively, the “Common Stock”) outstanding as of February 15, 2023. The percentage of beneficial ownership is based on 31,858,620 shares of the Company's Common Stock issued and outstanding as of February 15, 2023, comprised of 9,358,620 shares of Class A common stock and 22,500,000 shares of Class C common stock.Shares% ofCommonStockCENAQ Public Stockholders(a)1,846,1205.79 %Holdings(b)23,300,00073.14 %New PIPE Investors (excluding Holdings)(c)2,400,0007.53 %Sponsor and other investors(d)1,078,1253.39 %Sponsor Earn Out shares(e)3,234,37510.15 %Total Shares of Common Stock at Closing31,858,620100.00 %Earn Out Equity shares(f)3,500,000 Total diluted shares at Closing (including shares above)(g)35,358,620 (a)CENAQ public stockholders holding 15,403,880 shares of Class A common stock exercised their right to redeem such shares for a pro rata portion of the funds in the trust account. Excludes 189,750 underwriters forfeited shares owned by Imperial Capital, LLC and I-Bankers Securities, Inc. that were forfeited as of the Closing Date.(b)Includes (i) 22,500,000 shares of Class C common stock issued to Holdings at Closing, representing 100% of the shares of Class C common stock outstanding as of February 15, 2023, and (ii) 800,000 shares of Class A common stock acquired by Holdings in the PIPE Financing.(c)Excludes 800