CENAQ Energy (CENQ) 10% owner Mayell returned to the company 2,475,000 Private Placement Warrants

Insider transactions reported

Michael J Mayell (10% owner at CENAQ Energy Corp., CENQ) reported that they returned to the company 2,475,000 Private Placement Warrants on Feb 15, 2023.

Reporting person

Mayell Michael J

Options and other derivatives

Holdings before and after

• Private Placement Warrants: 4,950,000 to 2,475,000 indirect, See footnote

Footnotes from the filing

1. 1. In connection with the consummation of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and CENAQ Sponsor LLC ( Sponsor ) on February 15, 2023 (the Business Combination ), 2,475,000 of the Sponsor's private placement warrants were forfeited by the Sponsor to the Issuer for no consideration.
2. 2. The warrants will become exercisable 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.
3. 3. The Sponsor is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of the Sponsor. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ