$Verde Clean Fuels (VGAS.US)$ Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc. Thursday, 19th December at 7:00 am • Cottonmouth and Verde have entered into an agreement for a $50 million equity investment through the purchase of 12.5 million shares of Verde Class A common stock by Cottonmouth at a purchase price of $4.00 per share • Closing of the investment is anticipated to occur during Q1 2...
Verde CEO Ernie Miller sees the partnership with Diamondback as a case study due to limited options for the natural gas glut. He suggests converting natural gas into gasoline as a promising monetization strategy, even if prices rise to $3. Diamondback's president, Kaes Van't Hof, is excited about the project's scalability.
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$Verde Clean Fuels (VGAS.US)$
Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.
Thursday, 19th December at 7:00 am
• Cottonmouth and Verde have entered into an agreement for a $50 million equity investment through the purchase of 12.5 million shares of Verde Class A common stock by Cottonmouth at a purchase price of $4.00 per share
• Closing of the investment is anticipated to occur during Q1 2...
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