Company: VGASW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001628280-25-020032
Chunk: 44

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 44
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such shares, the “

#### Holdings Class C Shares
”) and (B) in exchange therefor, OpCo issued to CENAQ a number of Class A common units of OpCo (the “

#### Class A OpCo Units
”) equal to the number of total shares of Class A Common Stock issued and outstanding immediately after the consummation of the transactions (the “

#### Transactions
”) contemplated by the Business Combination Agreement (such transactions, the “

#### SPAC Contribution
”); and (iii) immediately following the SPAC Contribution, (A) Holdings contributed to OpCo 100% of the issued and outstanding limited liability company interests of Intermediate and (B) in exchange therefor, OpCo transferred to Holdings (1) 22,500,000 Class C common units of OpCo (the “

#### Class C OpCo Units
” and, together with the Class A OpCo Units, the “

#### OpCo Units
”) and (2) the Holdings Class C Shares (such transactions, the “

#### Holdings Contribution
”). Additionally, the following transactions occurred in connection with the Business Combination:

• The issuance and sale of 3,200,000 shares of Class A Common Stock for a purchase price of $10.00 per share (Holdings purchased 800,000 of these shares of Class A Common Stock), for an aggregate purchase price of $32,000,000, in a private placement (the “

#### PIPE Financing
”);

• An aggregate of $158.8 million was paid from the CENAQ trust account to holders of 15,403,880 shares of Class A Common Stock that exercised their redemption rights (“

#### Redemption Rights
”) and the balance 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 were released from trust and delivered to Verde Clean Fuels as part of the Business Combination;

• We repaid $3,750,000 of capital contributions made by Holdings and paid $10,043,793 of transaction expenses including deferred underwriting fees of $1,700,000;

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• As additional consideration for the Holdings Contribution, the Company will cause OpCo to transfer to Holdings up to 3,500,000 Class C OpCo Units and a corresponding 3,500,000 shares of Class C Common Stock (the “

#### Earn Out Equity