Kirkland Advises Verde Clean Fuels on $50 Million Equity Investment by Cottonmouth Ventures, a Diamondback Subsidiary
Kirkland & Ellis advised Verde Clean Fuels, Inc. (NASDAQ: VGAS) on its entry into a stock purchase agreement with Cottonmouth Ventures LLC, a wholly-owned subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), for a $50 million equity investment by Cottonmouth into Verde. The investment consists of the purchase of 12.5 million shares of Verde’s Class A common stock at a purchase price of $4.00 per share. Closing of the investment is anticipated to occur during Q1 2025, subject to satisfaction of customary closing conditions.
The Kirkland team included capital markets lawyers Jennifer Wu, Ieuan List, Maya Pierce and Cassie Cox.
