Business
CENAQ Energy Corp. Announces Extension of Deadline to Complete Business Combination
Houston, TX, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (“CENAQ”; NASDAQ: CENQ) announced that its board of directors has elected to extend the date
About this update from Verde Clean Fuels, Inc.
[{"type":"text","content":"Houston, TX, Aug. 12, 2022 (GLOBE NEWSWIRE) -- CENAQ Energy Corp. (“CENAQ”; NASDAQ: CENQ) announced that its board of directors has elected to extend the date by which CENAQ has to consummate a business combination from August 17, 2022 to November 16, 2022 (the “Extension”), as permitted under CENAQ’s third amended and restated certificate of incorporation. CENAQ must complete an initial business combination within 12 months from the closing of its initial public offering on August 17, 2021 (the “Initial Combination Period”), which may be extended by three months if it files a proxy statement, registration statement or similar filing for an initial business combination within the Initial Combination Period. CENAQ filed a preliminary proxy statement in connection with its previously announced business combination with Bluescape Clean Fuels Intermediate Holdings, LLC (“Bluescape”) with the Securities and Exchange Commission (the “SEC”) on August 12, 2022. The Extension provides CENAQ with additional time to complete its initial business combination. CENAQ may elect to extend the period to consummate an initial business combination for another three months from November 17, 2022 to February 16, 2023 if CENAQ Sponsor LLC deposits 1% of the gross proceeds of CENAQ’s initial public offering, or $1,725,000, into CENAQ’s trust account for its public stockholders. About CENAQ Energy Corp. CENAQ is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CENAQ focused its search for a target business in the energy industry in North America. CENAQ is led by energy industry veterans J. Russell Porter (CEO), Michael J. Mayell (President and CFO) and John B. Connally III (Chairman). Important Information for Shareholders This communication does not constitute a solicitation of any vote or approval. In connection with the proposed business combination, CENAQ has filed with the SEC a preliminary proxy statement. CENAQ also plans to file other documents with the SEC regarding the proposed transaction. After the proxy statement has been cleared by the SEC, a definitive proxy statement will be mailed to the shareholders of CENAQ. SHAREHOLDERS OF CENAQ ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ALL ...