💰 Houston-Based Verde Clean Fuels Secures $50M Investment from Diamondback Energy's Subsidiary

Verde Clean Fuels has entered into a stock purchase agreement with Cottonmouth Ventures, a subsidiary of Diamondback Energy. Cottonmouth will invest $50 million in equity, purchasing 12.5 million shares of Verde's Class A common stock at $4.00 per share. The transaction, anticipated to close in Q1 of the new year, is subject to customary conditions. This marks Cottonmouth's second investment in Verde in two years, bringing its total investment to $70 million and making it Verde's second-largest shareholder. Ernest Miller, CEO of Verde, emphasized the partnership's alignment with sustainable energy goals, stating, "Diamondback is a strategic industry partner advancing clean energy transitions through sustainable practices."

October 2026

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