Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
December 4, 2024

CO2 Energy Transition Corp. Announces Closing of Previously Announced IPO and Full Exercise of Over-allotment Option, Raising $69 Million in Gross Proceeds

Newsfeed
CO2 Energy Transition Corp. Announces Closing of Previously Announced IPO and Full Exercise of Over-allotment Option, Raising $69 Million in Gross Proceeds

November 22, 2024 14:55 ET| Source: CO2 Energy Transition Corp.Follow

HOUSTON, TEXAS, Nov. 22, 2024 (GLOBE NEWSWIRE) — CO2 Energy Transition Corp. (Nasdaq: NOEM) (the “Company”) announced today that it closed its initial public offering of 6,000,000 units at $10.00 per unit, plus the full exercise of the underwriter’s option to purchase an additional 900,000 units to cover over-allotments. Each unit consists of one share of common stock, one warrant to purchase one share of common stock at a per share exercise price of $11.50 and one right. Each right entitles the holder thereof to receive one-eighth (1/8) of one share of common stock upon the consummation of an initial business combination.

The units are listed on The Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “NOEMU” on November 21, 2024. Once the securities comprising the units begin separate trading, the shares of common stock, warrants and rights are expected to be listed on Nasdaq under the symbols “NOEM,” “NOEMW” and “NOEMR,” respectively.

Kingswood Capital Partners, LLC acted as sole underwriter in the offering. Loeb & Loeb LLP served as legal counsel to the Company. Olshan Frome Wolosky LLP served as legal counsel to Kingswood.

A registration statement on Form S-1, as amended (File No. 333-269932), relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and became effective on November 12, 2024. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic 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 [email protected], or by accessing the SEC’s website at http://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 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 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 Rodgers
President and Chief Executive Officer
[email protected]
www.co2et.com

Andrew J. Martin
[email protected]
(832) 724-3149

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
December 4, 2024

ConnectDER Secures Series D Funding to Accelerate Growth and Deliver Transformational Resiliency and Electrification Solutions across North American homes

NEXT ARTICLES
Home > Industry News
December 4, 2024

Aramco, Carbon Clean and SAMSUNG E&A Partner on Carbon Capture Plant

Comments are closed.
Related Post
October 3, 2024
EQT Broadens Reworld™ Investor Base, Welcoming GIC
January 8, 2025
Jason Thompson Joins The Nuclear Company as
October 22, 2024
Double Zero Holdings and SJ Environmental Collaborate
March 27, 2025
TotalEnergies and Partners Launch the 2nd phase

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.