Houston, TX, Aug. 12, 2022 (GLOBE NEWSWIRE) — CENAQ Energy Corp. (“CENAQ”; NASDAQ: CENQ) announced that its board of directors has elected to extend the date by which CENAQ has to consummate a business combination from August 17, 2022 to November 16, 2022 (the “Extension”), as permitted under CENAQ’s third amended and restated certificate of incorporation. CENAQ must complete an initial business combination within 12 months from the closing of its initial public offering on August 17, 2021 (the “Initial Combination Period”), which may be extended by three months if it files a proxy statement, registration statement or similar filing for an initial business combination within the Initial Combination Period. CENAQ filed a preliminary proxy statement in connection with its previously announced business combination with Bluescape Clean Fuels Intermediate Holdings, LLC (“Bluescape”) with the Securities and Exchange Commission (the “SEC”) on August 12, 2022. The Extension provides CENAQ with additional time to complete its initial business combination.
CENAQ may elect to extend the period to consummate an initial business combination for another three months from November 17, 2022 to February 16, 2023 if CENAQ Sponsor LLC deposits 1% of the gross proceeds of CENAQ’s initial public offering, or $1,725,000, into CENAQ’s trust account for its public stockholders.
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