CO2 Energy Transition Corp. Announces Pricing of $60 Million Initial Public Offering
November 20 2024 - 4:41PM
CO2 Energy Transition Corp. (the “Company”), a blank check company
incorporated as a Delaware corporation today announced the pricing
of its initial public offering of 6,000,000 units at an offering
price of $10.00 per unit, with each unit consisting of one share of
common stock of the Company, one redeemable warrant which will
entitle the holder thereof to purchase one share of common stock at
$11.50 per share and one right with each right entitling the holder
to one-eighth of one share of common stock upon completion of an
initial business combination. The Company has granted the
underwriter a 45-day option to purchase up to 900,000 additional
units at $10.00 per unit to cover over-allotments, if any. The
units are expected to trade on the Nasdaq Global Market (“Nasdaq”)
under the ticker symbol “NOEMU” beginning November 21, 2024. Once
the securities comprising the units begin separate trading, the
common stock, the warrants and the rights are expected to be traded
on Nasdaq under the symbols “NOEM,” “NOEMW” and “NOEMR”
respectively. The offering is expected to close on November 22,
2024, subject to customary closing conditions.
Kingswood Capital Partners LLC is acting as sole
underwriter of this offering.
A registration statement relating to the
securities sold in the initial public offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”). The offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to this offering
may be obtained from Kingswood Capital Partners LLC, 126 East 56th
Street, Suite 22S, New York, NY 10022, Attn: Syndicate, or by email
at syndicate@kingswoodus.com, or by accessing the SEC’s website,
www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About CO2 Energy Transition Corp.
CO2 Energy Transition Corp. is a blank check
company, also commonly referred to as a special purpose acquisition
company, or SPAC, formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or
entities. The Company will not be limited to any particular
industry or geographic region, although it initially intends to
pursue targets in the carbon capture, utilization and storage
industry.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering (“IPO”) and search for an
initial business combination. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of CO2 Energy
Transition Corp., including those set forth in the Risk Factors
section of CO2 Energy Transition Corp.’s registration statement and
preliminary prospectus for the IPO filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. CO2 Energy Transition
Corp. undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact Information:
CO2 Energy Transition Corp.Brady RodgersPresident and Chief
Executive Officerbradyr@co2et.com
CO2 Energy Transition (NASDAQ:NOEMU)
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