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Verde Clean Fuels (CENAQ Energy Corp.) Priced, Nasdaq: VGAS

Blank check company led by industry veterans targeting the energy industry in North America (completed 2/15/2023).

Industry: SPAC

Latest Trade: $4.68 0.00 (0.0%)

First Day Return: -0.8%

Return from IPO: -53.2%

Industry: SPAC

We are a newly organized blank check company. We intend to capitalize on the ability of our management team to identify, acquire, and operate a business in the energy industry in North America, though we reserve the right to pursue an acquisition opportunity in any business or industry. We believe the deep, varied industry and investing experience of our directors, and the extensive experience of our management team that has operated through numerous market cycles, and our technical committee’s deep geological, petrophysical and geophysical knowledge, uniquely positions us to identify, negotiate, and execute a business combination with attractive risk-adjusted returns for our stockholders. We believe that there is a timely opportunity at this unique inflection point in the commodity price cycle to achieve attractive returns by acquiring and exploiting well-defined, high quality oil and natural gas exploration and production ("E&P") assets in proven basins. We will focus on oil and gas companies, properties, and related assets, with extensive production histories and limited geologic risk from sellers that may be distressed from being over leveraged and unable to operate within budgets due to the depressed recent commodity pricing scenario.
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IPO Data
IPO File Date 03/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/12/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Imperial Capital
I-Bankers Securities
Company Data
Headquarters Houston, TX, United States
Founded 2020
Employees 4

Verde Clean Fuels (CENAQ Energy Corp.) (VGAS) Performance