# EDGAR Filing Document

**Accession Number:** 0001817232
**File Stem:** 0001213900-25-078639
**Filing Date:** 2025-8
**Character Count:** 7465
**Document Hash:** 13feac4983ea400f8a5ab19ce31de423
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-078639.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001213900-25-078639

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250819

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global Gas Corp
- **CENTRAL INDEX KEY:** 0001817232
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL INORGANIC CHEMICALS [2810]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 851617911
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39819
- **FILM NUMBER:** 251233467

**BUSINESS ADDRESS:**
- **STREET 1:** 99 WALL STREET
- **STREET 2:** SUITE 436
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 917-327-0437

**MAIL ADDRESS:**
- **STREET 1:** 99 WALL STREET
- **STREET 2:** SUITE 436
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dune Acquisition Corp
- **DATE OF NAME CHANGE:** 20200708

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): <u>August 19, 2025</u>

**<u>Global Gas Corporation</u>**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39819** | **85-1617911** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **700 S. Rosemary Avenue, Suite 204**<br>**West Palm Beach, Florida** | **33401** |
| (Address of principal executive offices) | (Zip Code) |

---

**<u>(917) 742-1904</u>**

(Registrant's telephone number,

including area code)

**<u>Not Applicable</u>**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Class A common stock, par value $0.0001 per share** | **HGAS** |  |
| **Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share** | **HGASW** |  |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On August 19, 2025, Global Gas Corporation (the "Company") entered into a settlement agreement (the "Settlement Agreement") by and among (i) the Company, Global Hydrogen Energy LLC ("Global Hydrogen") and Dune Acquisition Holdings LLC (collectively referred to as the "Global Parties") and (iii) William Bennet Nance, Jr., Sergio Martinez, Barbara Guay Martinez, and Pan American Enterprises, Inc. (collectively referred to as the "Pan Am Parties").

Pursuant to the Settlement Agreement, among other things, William Nance agreed to forfeit 2,000,000 shares of the Company's Class B common stock, Sergio Martinez agreed to forfeit 350,000 shares of the Company's Class B shares of common stock, and Barbara Guay Martinez agreed to forfeit 350,000 shares of the Company's Class B common stock.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

In a Current Report on Form 8-K filed by the Company on June 21, 2024, the Company announced that it terminated William Nance for "Cause," as defined in the Employment Agreement, dated as of May 14, 2023, as amended, between Mr. Nance and Global Hydrogen Energy LLC (the "Employment Agreement"). Attached as Exhibit 99.1 to this Current Report on Form 8-K is Mr. Nance's response to that filing.

 **Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit<br> Number** | **Description of Exhibit** |
| 99.1 | [Response from William Nance](ea025398101ex99-1_global.htm) |
| 104 | Cover page interactive data file (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **GLOBAL GAS CORPORATION** | **GLOBAL GAS CORPORATION** |
| Date: August 20, 2025 | By: | /s/ Michael Castaldy |
|  | Name: | Michael Castaldy |
|  | Title: | Director, Authorized Signatory |

---

## Exhibit 99.1

**Exhibit 99.1**

Mr. Nance denies that he has taken any acts or omitted to take any act constituting any of: (i) gross misconduct or gross negligence in the performance of Mr. Nance's duties or responsibilities, which acts or omissions have or were reasonably expected to have an adverse effect on the Company Group (as defined in the Employment Agreement); (ii) a breach of Mr. Nance's fiduciary duty or duty of loyalty to the Company and the Company Group; and/or (iii) actions or omissions that have damaged or were reasonably expected to materially damage the financial condition, business, or reputation of the Company and/or the members of the Company Group. Mr. Nance denies that he has taken any such acts, or omitted to take any act constituting the above, whether set forth in the Company's Notice to him dated June 8, 2024, alluded to in the Form 8-K dated June 21, 2024, or otherwise.

Mr. Nance further states that prior to the Company terminating his employment and removing him from the Board, he gave notice of his resignation for "Good Reason" as defined in the Employment Agreement on the grounds, among others, that the Company had: (i) materially reduced his duties, authority, or reporting relationships; and (ii) reduced his base salary by more than ten percent.