Filed Pursuant to Rule 424(b)(3)

Registration No. 333-271360

 

PROSPECTUS SUPPLEMENT NO. 4

(to Prospectus dated June 2, 2023)

 

VERDE CLEAN FUELS, INC.

 

UP TO 32,528,461 SHARES OF CLASS A COMMON STOCK
UP TO 15,412,479 SHARES OF CLASS A COMMON STOCK ISSUABLE 

UPON EXERCISE OF WARRANTS
UP TO 2,475,000 WARRANTS TO PURCHASE COMMON STOCK

 

This prospectus supplement is being filed solely to update the information contained in the table in the “Selling Securityholders” section of the prospectus dated June 2, 2023 (the “Prospectus”) to reflect certain transfers described herein.

 

The Prospectus and this prospectus supplement relate to the offer and sale from time to time by the selling securityholders named in this prospectus or their permitted transferees (the “Selling Securityholders”) of (i) up to 32,528,461 shares of Class A Common Stock consisting of: (a) 3,487,500 shares of Class A Common Stock held directly by CENAQ Sponsor, originally acquired by such parties for an effective purchase price of approximately $0.0058 per share, (b) 22,500,000 shares of Class A Common Stock issuable upon the conversion of Class C common stock, par value $0.0001 per share (“Class C Common Stock”) issued to Bluescape Clean Fuels Holdings, LLC, a Delaware limited liability company (“Holdings”), upon the exchange of Class C common units (“Class C OpCo Units”) of Verde Clean Fuels OpCo, LLC, a Delaware limited liability company (“OpCo”), and the cancellation of an equal number of shares of Class C Common Stock in connection with such exchange (such shares or Class C Common Stock originally issued as consideration in connection with the Business Combination (as defined below) at a per share value of $10.00 per share), (c) 3,200,000 shares of Class A Common Stock originally issued and sold to certain of the Selling Securityholders pursuant to subscription agreements dated as of August 12, 2022 (collectively, the “PIPE Investors”) at a purchase price of $10.00 per share, (d) 825,000 shares of Class A Common Stock held directly by Anchor Investors, originally acquired at a purchase price of $0.0058 per share, (e) 2,475,000 shares of Class A Common Stock underlying the Private Placement Warrants issued under the Business Combination Agreement (defined below) that were originally sold by CENAQ at a purchase price of $1.00 per Private Placement Warrant in connection with its initial public offering which Warrants are exercisable for our Class A Common Stock at an exercise price of $11.50 per share, and (f) up to 40,961 shares of Class A Common Stock issuable upon the conversion of the New Promissory Note (as defined herein) at a conversion price of $10.00 per share; and (ii) up to 2,475,000 Private Placement Warrants, which were originally purchased at a price of $1.00 per Private Placement Warrant. We will not receive any proceeds from the sale of shares of Class A Common Stock or warrants by the Selling Securityholders pursuant to this prospectus.

 

The Selling Securityholders may offer and sell the securities covered by the Prospectus in a number of different ways and at varying prices. We provide more information about how the Selling Securityholders may sell the shares in the section entitled “Plan of Distribution.”

 

Our shares of Class A Common Stock are listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “VGAS.” On October 27, 2023, the closing price of our Class A Common Stock was $3.45 per share. Our public warrants are listed on Nasdaq under the symbol “VGASW.” On October 27, 2023, the closing price of our Public Warrants was $0.1600 per warrant.

 

This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.

 

Investing in our Class A Common Stock and Warrants involves risks that are described in the “Risk Factors” section beginning on page 16 of the Prospectus and under similar headings in any further amendments or supplements to the Prospectus.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this prospectus supplement is October 30 2023.

 

 

 

 

SELLING SECURITYHOLDERS

 

The following information is provided as of October 30, 2023 to update the “Selling Securityholders” section of the Prospectus to reflect the pro rata distribution by the Sponsor to its members of an aggregate of 2,475,000 Warrants, as reflected in the Selling Securityholder table set forth below.

 

Where the name of a Selling Securityholder identified in the table below also appears in the table in the Prospectus, the information set forth in the table below regarding that Selling Securityholder supersedes and replaces the information regarding such Selling Securityholder in the Prospectus. Information regarding the Selling Securityholders listed in the table below, including the number of shares of Class A Common Stock and Warrants beneficially owned by them, is based on information provided by such Selling Securityholders as of the date of this prospectus supplement.

 

Information about the Selling Securityholders, including those listed below, may change over time. Since the effectiveness of the Registration Statement on Form S-1 of which the Prospectus is a part, a number of Selling Securityholders have exercised their warrants and/or sold or otherwise transferred their securities registered thereunder. This prospectus supplement does not provide any updates with respect to any such exercises, sales or transfers, except for those expressly referred to in the immediately preceding paragraph.

 

   Shares of Class A Common Stock(1)   Warrants to Purchase Common Stock 
Name  Number
Beneficially
Owned
Prior to
Offering
   Number
Registered
for Sale
Hereby
   Number
Beneficially
Owned
After
Offering
   Percent
Owned
After
Offering
   Number
Beneficially
Owned
Prior to
Offering
   Number
Registered
for Sale
Hereby
   Number
Beneficially
Owned
After
Offering
   Percent
Owned
After
Offering
 
CENAQ Sponsor, LLC(2)   3,275,066    3,275,066                         
Benjamim Salinas   500,997    500,997            464,559    464,559         
Typhoon Offshore(3)   497,644    497,644            450,388    450,388         
Sirvent SPAC I Management LLC(4)   299,300    299,300            250,407    250,407         
Arb Energy SPAC I(5)   159,917    159,917            145,898    145,898         
James Russell Porter   258,255    258,255            238,405    238,405         
Mike Bahorich   50,882    50,882            47,202    47,202         
David Bullion   33,486    33,486            31,064    31,064         
John B. Connally III   196,553    196,553            181,438    181,438         
KM Devco, LLC(6)   192,040    192,040            177,244    177,244         
Can Bust LLC(7)   296,719    296,719            275,258    275,258         
Corcel Investments LLC(8)   67,073    67,073            62,222    62,222         
Guy Lander   9,890    9,890            9,175    9,175         
Michael J. Dwinnell   111,582    111,582            103,002    103,002         
Denise Dubard   15,276    15,276            14,171    14,171         
David Porter   3,565    3,565            3,307    3,307         
Ondrej Sestak   3,565    3,565            3,307    3,307         
Sara Martin   3,565    3,565            3,307    3,307         
Eric Bahorich   3,565    3,565            3,307    3,307         
Kara Bennett   3,565    3,565            3,307    3,307         
Emily Boecking   3,565    3,565            3,307    3,307         
Lecia Alexander   1,698    1,698            1,575    1,575         
Seminole Resources   1,698    1,698            1,575    1,575         
James Gunderson   1,698    1,698            1,575    1,575         

 

(1)Reflects applicable ownership of Warrants, each of which are exercisable to purchase one share of Class A Common Stock at $11.50 per share.
(2) Consists of (i) 3,234,375 shares of Class A Common Stock held directly by CENAQ Sponsor (all of which are subject to forfeiture until the occurrence of a Triggering Event) and (ii) 40,691 shares of Class A Common Stock issuable upon the conversion of the New Promissory Note. CENAQ Sponsor is the record holder of such shares. Messrs. John B. Connally III, J. Russell Porter and Michael J. Mayell are each a manager of CENAQ Sponsor, and as such, each has voting and investment discretion with respect to the shares held directly by CENAQ Sponsor. Messrs. John B. Connally III, J. Russell Porter and Michael J. Mayell each disclaims any beneficial ownership of the reported shares other than the extent of any pecuniary interest he may have therein, directly or indirectly.
(3) Benjamin Francisco Salinas Sada has voting and investment power over these shares.
(4) Humberto Sirvent has voting and investment power over these shares.
(5)Humberto Sirvent has voting and investment power over these shares.
(6) Karen Mayell and Michael J. Mayell have voting and investment power over these shares.
(7) David Wallace has voting and investment power over these shares.
(8) Charles Galante has voting and investment power over these shares.

 

 

 

 


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