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January 23, 2026
Kirkland Advises Verde Clean Fuels on $50 Million Equity Investment by Cottonmouth Ventures, a Diamondback Subsidiary
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- Kirkland & Ellis represented Verde Clean Fuels, Inc
- in a stock purchase agreement with Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy, Inc., involving a $50 million equity investment
- Cottonmouth will acquire 12.5 million shares of Verde’s Class A common stock at $4.00 per share
- The transaction is expected to close in the first quarter of 2025, pending customary closing conditions
- The Kirkland legal team included Jennifer Wu, Ieuan List, Maya Pierce, and Cassie Cox.
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. Read Verde’s press release The Kirkland team included capital markets lawyers Jennifer Wu, Ieuan List, Maya Pierce and Cassie Cox.
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