cenq - CENQ STOCK NEWS

CENAQ Energy Corp. (NASDAQ: CENQ) has extended the deadline for its business combination with Bluescape Clean Fuels by three months, now set for February 16, 2023. This extension allows more time to finalize the merger as outlined in its charter. To facilitate this, CENAQ's sponsor deposited $1,725,000 into the trust account, representing 1% of the initial public offering. The definitive proxy statement regarding the business combination has been filed and is now available for stockholders to review.

Bluescape Clean Fuels Intermediate Holdings is merging with CENAQ Energy Corp. under a business combination agreement signed on August 12, 2022. The new entity will be called Verde Clean Fuels, Inc., trading on NASDAQ as VGAS. The merger aims to utilize BCF's patented syngas-to-gasoline technology, which converts waste feedstocks into renewable gasoline, reducing carbon intensity by over 60% compared to traditional gasoline. A commercial facility is being developed in Maricopa, AZ, with more projects planned.

CENAQ Energy Corp. (CENQ) received a notice from Nasdaq for failing to file its Quarterly Report on Form 10-Q for Q2 2022, which is a violation of Nasdaq Listing Rule 5250(c)(1). However, there is no immediate effect on the company's stock listing. CENAQ has 60 days to submit a compliance plan, with a potential extension of up to 180 days if accepted by Nasdaq. The company filed the Form 10-Q on August 25, 2022. CENAQ focuses on mergers and acquisitions within the North American energy sector.

CENAQ Energy Corp. (NASDAQ: CENQ) has extended the deadline for its initial business combination from August 17, 2022, to November 16, 2022. This extension is aligned with provisions in its third amended and restated certificate of incorporation. The company filed a preliminary proxy statement with the SEC related to its merger with Bluescape Clean Fuels Intermediate Holdings on August 12, 2022. An additional three-month extension to February 16, 2023, is possible if CENAQ Sponsor LLC deposits $1.725 million into the trust account.

CENAQ Energy Corp. (NASDAQ: CENQ) and Bluescape Clean Fuels have announced a definitive business combination to create Verde Clean Fuels, focused on renewable gasoline production. The transaction aims to generate $80 million in gross proceeds for facility construction, with an expected pro forma enterprise value of $280 million and a market capitalization of $500 million. BCF's technology, utilizing waste feedstocks, promises a renewable gasoline that is over 60% less carbon intensive than traditional fuels. The business combination is set to close in Q1 2023, subject to shareholder approval.

CENAQ Energy Corp. (NASDAQ: CENQU) has announced that starting October 4, 2021, investors can separately trade the Class A common stock and warrants from the Units sold in its initial public offering. The Class A common stock and warrants will trade under the ticker symbols 'CENQ' and 'CENQW' on NASDAQ, respectively. The offering was underwritten by Imperial Capital, LLC and I-Bankers Securities, Inc., with the registration statement becoming effective on August 12, 2021. CENAQ is focused on acquiring businesses within the North American energy industry.

CENAQ Energy Corp. has successfully completed the sale of 2,250,000 units through the underwriters' over-allotment option linked to its IPO, raising gross proceeds of $22,500,000. Each unit consists of one Class A common stock share and three-quarters of a warrant, which can be exercised at $11.50 per share. In total, the IPO and related private placements generated $174,225,000, which is held in trust at $10.10 per share. The units are now trading on Nasdaq under the symbol 'CENQU', with common stock and warrants expected to trade under 'CENQ' and 'CENQW', respectively.

CENAQ Energy Corp. has successfully closed its initial public offering (IPO) of 15,000,000 units, priced at $10.00 each, generating gross proceeds of $150 million. The units, which started trading on NASDAQ under the ticker symbol 'CENQU' on August 13, 2021, consist of one share of Class A common stock and three-quarters of a warrant. The company has provided underwriters a 45-day option to purchase an additional 2,250,000 units. CENAQ aims to pursue a business combination within the North American energy sector.

CENAQ Energy Corp. announced the pricing of its initial public offering (IPO), offering 15,000,000 units at $10.00 each, set to trade on NASDAQ under the symbol 'CENQU' starting August 13, 2021. Each unit consists of one share of Class A common stock and three-quarters of a warrant, with each whole warrant allowing the purchase of a share at $11.50. The underwriters have a 45-day option for an additional 2,250,000 units. The registration statement was filed with the SEC and became effective on August 12, 2021.