CNG 2023 VEHICLES III
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
CNG 2023 Vehicles III, LLC is an Oklahoma City-based limited liability company set up around Oklahoma's clean-burning motor vehicle fuel property tax credits. Its name and filings tie it to the tax year 2023 credit program: the State of Oklahoma's 2023 tax-credit transfer report lists the entity against a $3,575,000 credit pool, and its SEC Form D, filed in January 2024, records the first sale of its exempt securities offering on December 6, 2023. It appears to function as a tax-credit investment vehicle rather than an operating business with customers or products. No public evidence shows the vehicle operating beyond its credit-transfer role, and no failure cause has been documented.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
CNG 2023 Vehicles III, LLC was formed in Oklahoma as a vehicle for clean-burning motor vehicle fuel property tax credits; its Form D shows the first sale of its exempt offering on December 6, 2023.
- Funding round
In January 2024 the company filed its SEC Form D notice of exempt offering of securities, recording $2.8 million raised.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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