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Akin Advises Cottonmouth Ventures in its $50 Million Equity Investment in Verde Clean Fuels

February 6, 2025

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(Houston) – Akin advised Cottonmouth Ventures, LLC, a wholly owned subsidiary of Diamondback Energy, Inc, in connection with a $50 million investment in Verde Clean Fuels, Inc., marking the second investment by Cottonmouth in Verde over the past two years. The investment, which was approved by Verde’s stockholders, consisted of the purchase of 12.5 million shares of Verde’s Class A common stock by Cottonmouth at a purchase price of $4.00 per share. Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants and for other general corporate purposes.

The Akin team was led by corporate partners John Goodgame and Bryan Flannery and associates Travis Ewing and Andrea Cabada.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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