Verde Clean Fuels, Inc.

Verde Clean Fuels, Inc. owns an innovative and proprietary gas-to-liquids processing technology that converts low-value or stranded feedstocks into higher-value clean transportation fuels. The company's synthesis gas ("syngas")-to-gasoline plus (STG+®) process converts syngas, derived from feedstocks like natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is designed for industrial-scale deployment in standardized modular units. This technology has been validated through a fully integrated demonstration plant that has completed over 10,000 hours of operation. Verde Clean Fuels is a Delaware corporation headquartered in Houston, Texas, with additional offices and a demonstration plant in Hillsborough, New Jersey. Its Class A Common Stock and Public Warrants are listed on the Nasdaq Capital Market under the symbols "VGAS" and "VGASW," respectively. The primary stockholder is Bluescape Clean Fuels Holdings, LLC, an affiliate of Bluescape Energy Partners. The second largest stockholder is Cottonmouth Ventures, LLC, a wholly-owned subsidiary of Diamondback Energy, Inc. As of December 31, 2025, Verde Clean Fuels is still deploying its STG+® technology and has not yet generated revenue from its principal business activities. "Clean" or "lower-carbon" products refer to lower carbon intensity, lower lifecycle emissions, and lower greenhouse gas emissions from fuel combustion compared to petroleum-derived gasoline. "Renewable" products refer to energy or fuel derived from biomass feedstock. On February 6, 2026, the company suspended development of the Permian Basin Project due to changing market conditions and increased demand for natural gas in the Permian Basin.