Verde Clean Fuels, Inc. (VGAS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 14, 2025

Risk Assessment Details

Potential Dilution: 137.77% of current shares
Recent Dilution: 130.9% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
22M
Potential Supply
30M
Additional shares possible
Splits
None
Past 2 years

Summary

VGAS currently has 22M outstanding shares. with significant dilution risk as 30.4M authorized shares could dilute existing holders by 137.8%. The company has significantly diluted shareholders by 130.9% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 14, 2025

10-Q filing | 22.0M shares outstanding

22M 30M
Aug 13, 2025

10-Q filing | 22.0M shares outstanding

22M 30M
May 14, 2025

10-Q filing | 22.0M shares outstanding

22M 30M
Mar 28, 2025

10-K filing | 22.0M shares outstanding

22M 30M
Dec 19, 2024

8-K filing: Verde Clean Fuels, Inc. entered into a Class A Common Stock Purchase Agreement with Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy, Inc., to issue and sell 12,500,000 shares of Class A common stock at $4.00 per share for an aggregate purchase price of $50,000,000 in a private placement. ($50.0M proceeds)

9.5M 30M
Nov 13, 2024

10-Q filing | 9.5M shares outstanding

9.5M 30M
Aug 13, 2024

10-Q filing | 9.5M shares outstanding

9.5M 30M
Jul 15, 2024

POS AM filing: This prospectus relates to the issuance by us of up to 15,383,263 shares of Class A common stock, and the offer and sale from time to time by the selling securityholders named in this prospectus of up to 31,175,284 shares of Class A Common Stock and up to 1,879,257 Private Placement Warrants.

9.5M 30M
Jul 15, 2024

POS AM filing: This prospectus relates to the resale of up to 31,175,284 shares of Class A common stock, up to 15,383,263 shares of Class A common stock issuable upon exercise of warrants, and up to 1,879,257 warrants to purchase common stock by the selling securityholders.

9.5M 30M
Jun 28, 2024

POS AM filing: This is a post-effective amendment to convert the registration statement on Form S-1 into a registration statement on Form S-3, registering the resale of up to 31,175,284 shares of Class A Common Stock and up to 1,879,257 warrants to purchase common stock, as well as the issuance of up to 15,383,263 shares of Class A Common Stock issuable upon exercise of warrants.

9.5M 30M
May 14, 2024

10-Q filing | 9.4M shares outstanding

9.4M 30M
Mar 28, 2024

10-K filing | 9.4M shares outstanding

9.4M 30M
Nov 13, 2023

10-Q filing | 9.4M shares outstanding

9.4M 30M
Aug 14, 2023

10-Q filing | 9.4M shares outstanding

9.4M 30M
May 16, 2023

10-Q filing | 9.4M shares outstanding

9.4M 30M
Mar 31, 2023

10-K filing | 9.4M shares outstanding

9.4M 30M
Feb 14, 2023

8-K filing: CENAQ and Arb Clean Fuels terminated the Arb Subscription Agreement due to the Arb Investors purchasing shares of Class A Common Stock in an amount equal to or greater than $14,250,000, and CENAQ and an Original PIPE Investor terminated their subscription agreement due to the Terminating PIPE Investor purchasing 387,973 shares at the Per Share Redemption Price and for an aggregate amount of approximately $4,000,000 from CENAQ's redeeming stockholders; additionally CENAQ entered into subscription agreements with new investors to sell 2,400,000 shares of Class A Common Stock at $10.00 per share. ($24.0M proceeds)

21M 30M
Nov 21, 2022

10-Q filing | 20.9M shares outstanding

21M 30M
Aug 26, 2022

10-Q filing | 17.3M shares outstanding

17M 30M
May 12, 2022

10-Q filing | 17.4M shares outstanding

17M 30M
Mar 30, 2022

10-K filing | 17.4M shares outstanding

17M 30M
Nov 24, 2021

10-Q filing | 17.4M shares outstanding

17M 30M
Sep 29, 2021

10-Q filing | 17.4M shares outstanding

17M 30M
Aug 23, 2021

8-K filing: CENAQ Energy Corp. consummated its initial public offering of 15,000,000 units at $10.00 per unit, generating gross proceeds of $150,000,000, and completed a private sale of 6,000,000 warrants at $1.00 per warrant, generating gross proceeds of $6,000,000. ($179.18M proceeds)

4.3M 30M
Aug 17, 2021

8-K filing: CENAQ Energy Corp. completed a private sale of 6,000,000 warrants to the Sponsor and the Underwriters at $1.00 per warrant, simultaneously with the closing of the IPO. ($6.0M proceeds)

4.3M 30M
Aug 06, 2021

S-1/A filing: This S-1/A filing registers shares of Class A common stock and redeemable warrants included as part of units, as well as representative shares.

4.3M 30M
Jun 21, 2021

S-1/A filing: This S-1/A filing registers shares of Class A common stock, redeemable warrants, and representative shares for an initial business combination, with the possibility of extending the business combination period.

4.3M 24M
Mar 16, 2021

S-1/A filing: The filing registers shares of Class A common stock and redeemable warrants as part of units, including an over-allotment option. The proceeds will be deposited into a trust account for a business combination, with a portion for fees and working capital.

N/A 26M
Mar 01, 2021

S-1 filing: The filing is an S-1 registration statement including shares of Class A common stock and redeemable warrants as part of units, with an over-allotment option for the underwriters.

N/A 26M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime