Brief: Renewable Gasoline Company Bluescape Clean Fuels, Llc To Become Publicly Traded On Nasdaq Via Business Combination With Cenaq Energy Corp. And Be Renamed Verde Clean Fuels, Llc

Verde Clean Fuels

12/08/2022 21:36

Aug 12 (Reuters) - Cenaq Energy Corp  CENQ.O :
    * RENEWABLE GASOLINE COMPANY BLUESCAPE CLEAN FUELS, LLC TO
BECOME
PUBLICLY TRADED ON NASDAQ VIA BUSINESS COMBINATION WITH CENAQ
ENERGY CORP. AND BE RENAMED VERDE CLEAN FUELS, LLC
    * CENAQ ENERGY CORP - COMBINED COMPANY IS EXPECTED TO HAVE A
PRO
FORMA ENTERPRISE VALUE OF $280 MILLION
    * CENAQ ENERGY CORP - COMBINED COMPANY WILL BE NAMED VERDE
CLEAN
FUELS, INC. , AND IS EXPECTED TO BECOME PUBLICLY LISTED ON
NASDAQ UNDER SYMBOL "VGAS."
    * CENAQ ENERGY CORP - BUSINESS COMBINATION VALUES BCF AT A
PRO
FORMA EQUITY VALUE OF APPROXIMATELY US$500 MILLION, ASSUMING NO
REDEMPTIONS

Source text for Eikon:  ID:nGNX5bhX2m 
Further company coverage:  CENQ.O 

 ((Reuters.Briefs@thomsonreuters.com;))