ZombieClean Energy
What Happened to Verde Clean Fuels?
Ticker: VGASSPAC Year: 2021Merger: 2022
Return
-83.8%
Current Price
$1.62
Peak Price
$21
Trust Size
$67M
Summary
Verde Clean Fuels is developing technology to convert natural gas and syngas into low-carbon gasoline using its proprietary STG+ process.
What Happened
Verde Clean Fuels went public in February 2023 through a SPAC merger. The company's STG+ technology converts methane-rich gases into ready-to-use clean gasoline without further refining. Verde has reported going concern warnings as it works to commercialize its technology and build its first production facility.
Timeline
2021-08-06
S-1 Registration Filed
2022-11-10
Merger Proxy Filed (DEFM14A)