Company: VGASW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015480
Chunk: 118

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 118
---
- 37,495,502 Net change in cash, cash equivalents and restricted cash(9,735,110)28,324,248 Cash, cash equivalents and restricted cash, beginning of year28,879,177 463,475 CENAQ operating cash balance acquired- 91,454 Cash, cash equivalents and restricted cash, end of period$19,144,067 $28,879,177 Supplemental cash flow informationNon-cash income tax payable and deferred tax liability obtained from CENAQ$- $431,632 Non-cash impact of debt issuance through the business combination$- $409,612 Capital expenditures in accounts payable and accrued expenses (at period end)$405,727 $- Accounts receivable for reimbursement of capital expenditures (at period end)$213,807 $- Cash paid for interest$- $236,699 Cash paid for income taxes$45,896 $431,632 

The accompanying notes are an integral part of these consolidated financial statements.

F-5

Table of Contents

NOTE 1 — THE COMPANY

OverviewVerde Clean Fuels, Inc. (the “Company”, “Verde” and “Verde Clean Fuels”) is a clean fuels company focused on the deployment of its innovative and proprietary liquid fuels processing technology through development of commercial production plants. Verde’s syngas-to-gasoline plus (STG+®) process converts syngas, derived from diverse feedstocks, into fully finished liquid fuels that require no additional refining. Verde is currently focused on identifying and evaluating opportunities to convert associated natural gas into gasoline, which is expected to provide a market for such natural gas with the added potential benefits of flare mitigation and production of gasoline with a lower carbon intensity than conventional gasoline.The Company is a Delaware corporation headquartered in Houston, Texas. The Company’s principal executive offices are located at 711 Louisiana St, Suite 2160, Houston, Texas 77002. The Company also has a demonstration plant and office in Hillsborough, New Jersey. The Company’s shares of Class A common stock, par value $0.0001 per share (the “Class A common stock”), and warrants are listed on Nasdaq under the symbols “VGAS” and “VGASW,” respectively. The Company’s primary stockholder is Bluescape Clean Fuels Holdings, LLC (“Holdings”). Holdings is an affiliate of Bluescape Energy Partners, an alternative investment firm