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Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.

Cottonmouth purchases 12.5 million shares of Verde Class A common stock at a price of $4.00 per share Brings Cottonmouth's total investment in Verde to $70 million and makes Cottonmouth the second largest