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Verde Clean Fuels

Closed (deSPAC)

Energy · gas-to-liquids clean fuel technology

What it is
Clean Fuels, Inc
What it’s doing now
Merging with CENAQ Energy Corp. (CENQ) — closed (despac).
What you should know
The deal carries a $150M minimum-cash condition — heavy redemptions can break it.

The business, per its filings

SEC primary

Clean Fuels, Inc. Verde 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 synthesis gas ("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.

Source: 8-K, accession 0001628280-26-055381

What the company says about itself

Web research — not audited

Verde Clean Fuels is a company that uses its proprietary STG+® technology to turn diverse feedstocks like biomass, municipal solid waste, and natural gas into gasoline or methanol. The company aims to reduce carbon emissions in the transportation sector by producing lower-carbon gasoline that can be used in existing internal combustion engines.

Markets:
clean fuels | energy | transportation
Products:
STG+® | gasoline | methanol
What our web check found

[WEB-INTEL 2026-08-26] 8 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Outstanding: 44,549,621 Market Capitalization: $70M" [https://www.verdecleanfuels.com/investor-relations.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Verde Clean Fuels, Inc. closes $50 Million Equity Investment. Cottonmouth's total investment in Verde to $70 million" [https://www.verdecleanfuels.com/investment-closing-news.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy" [https://www.verdecleanfuels.com/article.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Verde Clean Fuels, Inc. announced that it has raised $20 million in its equity round of funding on February 15, 2023" [https://simplywall.st/stocks/us/energy/nasdaq-vgas/verde-clean-fuels/future] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Verde Clean Fuels has secured an additional $50m investment from Cottonmouth Ventures, a wholly owned subsidiary of Diamondback Energy" [https://www.linkedin.com/posts/gasworld-us_cottonmouth-raises-investment-in-verde-clean-activity-7277971680864468993-ijkN] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Verde Clean Fuels, Inc. announced today the closing of the previously announced $50 million equity investment by Cottonmouth Ventures, LLC" [https://www.nasdaq.com/press-release/verde-clean-fuels-inc-announces-closing-50-million-equity-investment-cottonmouth] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "(NASDAQ: CENQ) starting on February 16, 2023" [https://www.nasdaq.com/press-release/verde-clean-fuels-inc.-announce-completion-of-business-combination-between-cenaq] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "On February 6, 2026, the Company announced" [https://www.stocktitan.net/sec-filings/VGAS/10-q-verde-clean-fuels-inc-quarterly-earnings-report-0668d3308d85.html]

Source: https://www.verdecleanfuels.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Verde Clean Fuels is merging with CENAQ Energy Corp. (CENQ) currently marked Closed (deSPAC).

Headline equity value—
PIPE≈ $80M · unsourced
Minimum cash to close$150M

Structure per SEC accession(s) 0001213900-22-071210. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Verde Clean Fuels going public?

Verde Clean Fuels has an approved merger with the SPAC CENAQ Energy Corp. (CENQ). Deal status: Closed (deSPAC).

Does Verde Clean Fuels have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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