8-K

Verde Clean Fuels, Inc. (VGAS)

8-K 2022-08-26 For: 2022-08-23
View Original
Added on April 05, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 23, 2022


CENAQ Energy Corp.

(Exact name of registrant as specified in its charter)

Delaware 001-40743 85-1863331
(State or other jurisdiction of<br><br> incorporation or organization) (Commission File Number) (I.R.S. Employer <br><br>Identification Number)
4550 Post Oak Place Dr., Suite 300<br><br> <br>Houston, TX 77027
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(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:

(713) 820-6300


Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities<br>Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange<br>Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b)<br>under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c)<br>under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of<br>each class Trading Symbol(s) Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and three-quarters of one warrant CENQU The NASDAQ Stock Market LLC
Class A common stock, par value $0.0001 per share CENQ The NASDAQ Stock Market LLC
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share CENQW The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 23, 2022, CENAQ Energy Corp. (the “Company”) received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “Q2Form 10-Q”) with the Securities and Exchange Commission (the “SEC”).

Nasdaq informed the Company that, under Nasdaq listing rules, the Company has 60 calendar days, or until October 24, 2022, to submit a plan to regain compliance with respect to the delinquent Q2 Form 10-Q. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the due date of the Q2 Form 10-Q, or until February 23, 2023, to regain compliance.

The Company may regain compliance prior to this deadline by filing the Q2 Form 10-Q. The Company filed the Q2 Form 10-Q on August 25, 2022.

Item 7.01 Regulation FD Disclosure.

On August 26, 2022, the Company issued a press release regarding the foregoing matters. The press release is furnished hereto as Exhibit 99.1.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. Description
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99.1 Press Release dated August 26, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENAQ ENERGY CORP.
By: /s/ J. Russell Porter
Name: J. Russell Porter
Title: Chief Executive Officer

Dated: August 26, 2022

2

Exhibit 99.1

CENAQ Energy Corp. AnnouncesReceipt of Notification Letter from Nasdaq

Houston, TX, August 26, 2022 – CENAQ Energy Corp. (the “Company” or “CENAQ”; Nasdaq: CENQ) announced today that it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The notice has no immediate effect on the listing of the Company’s securities on Nasdaq. The Company has 60 days, or until October 24, 2022, to submit a plan to regain compliance with respect to the delinquent Form 10-Q. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q, or until February 23, 2023, to regain compliance. The Company may regain compliance prior to this deadline by filing the Form 10-Q. The Company filed the Form 10-Q on August 25, 2022.

About CENAQ Energy Corp.


CENAQ is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CENAQ focused its search for a target business in the energy industry in North America. CENAQ is led by energy industry veterans J. Russell Porter (CEO) and Michael J. Mayell (President and CFO).

Forward Looking Statements

The information included in this press release and in any oral statements made in connection with this press release include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. When used in this press release, including any oral statements made in connection with this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on CENAQ management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, CENAQ disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. CENAQ cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of CENAQ. There may be additional risks that CENAQ does not presently know or that CENAQ currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact CENAQ’s expectations and projections can be found in CENAQ’s periodic filings with the SEC, including those set forth in the section entitled “Risk Factors” in CENAQ’s Annual Report on Form 10-K filed with the SEC on March 30, 2022, any subsequently filed Quarterly Report on Form 10-Q and the section entitled “Risk Factors” in the preliminary proxy statement filed on August 12, 2022. CENAQ’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Investor Relations Contact:

J. Russell Porter – CEO

rporter@cenaqcorp.com

(305) 799-4822