Business
CENAQ Energy Corp. Announces Second Extension of Deadline to Complete Business Combination
Houston, TX, Nov. 15, 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, Nov. 15, 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 by an additional three-month period from November 17, 2022 to February 16, 2023 (the “Extension”), as permitted under CENAQ’s third amended and restated certificate of incorporation (the “Charter”). The Extension provides CENAQ with additional time to complete its previously announced initial business combination (the “Business Combination”) with Bluescape Clean Fuels Intermediate Holdings, LLC (“Bluescape”). The Extension is the second of two three-month extensions permitted under the Charter. In connection therewith, CENAQ’s sponsor, CENAQ Sponsor LLC (the “Sponsor”), has deposited $1,725,000, representing 1% of the gross proceeds of CENAQ’s initial public offering, into CENAQ’s trust account for its public stockholders (the “Extension Payment”), which will enable CENAQ to effectuate the Extension. The Sponsor loaned the Extension Payment to CENAQ through a non-interest bearing loan. 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) and Michael J. Mayell (President and CFO). Important Information for Stockholders This communication does not constitute a solicitation of any vote or approval. In connection with the proposed business combination, CENAQ has filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement. CENAQ also plans to file other documents with the SEC regarding the proposed transaction. The proxy statement has been cleared by the SEC, and a definitive proxy statement has been mailed to the stockholders of CENAQ. STOCKHOLDERS OF CENAQ ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPO...