Company: VGASW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040155
Chunk: 39

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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ix Months EndedJune 30,2025202420252024Net loss attributable to Verde Clean Fuels, Inc.$(1,260,130)$(903,707)$(2,506,841)$(1,676,078)Basic weighted-average shares outstanding18,836,078 6,297,162 16,833,316 6,235,439 Dilutive effect of share-based awards- - - - Diluted weighted-average shares outstanding18,836,078 6,297,162 16,833,316 6,235,439 Basic loss per share$(0.07)$(0.14)$(0.15)$(0.27)Diluted loss per share$(0.07)$(0.14)$(0.15)$(0.27)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.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 June 30,20252024Warrants15,383,26315,383,263Sponsor earn out shares (1)3,234,3753,234,375Stock options5,950,4993,019,639RSUs (2)--Total anti-dilutive instruments24,568,13721,637,277(1)Excludes 3,500,000 Class C earn out shares convertible into shares of Class A common stock. Shares of Class C common stock are not participating securities; thus, the application of the two-class method is not required. See Note 6 for further information.(2)Excludes 20,832 of vested and deferred RSUs outstanding as of June 30, 2025. Such shares are included within weighted-average shares outstanding for the computation of basic and diluted loss per share. See Note 8 for further information.Noncontrolling Interests

As of December 31, 2024, the ownership interests of the Class A common stockholders and the NCI were