Published by Todd Bush on January 12, 2024
CO2 Energy Transition Corp., a blank check company targeting the carbon capture, utilization, and storage industry, lowered the proposed deal size for its upcoming IPO on Tuesday. The company originally filed in February 2023, and before today had not updated its prospectus since March.
The Houston, TX-based company now plans to raise $60 million by offering 6 million units at $10. The company had previously filed to offer 8 million units. Each unit now consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. At the revised terms, CO2 Energy Transition Corp. will raise 25% less in proceeds than previously anticipated.
>> In Other News: OLI Systems Joins Leading North American Carbon Capture, Storage, and Utilization Consortium
CO2 Energy Transition Corp. is led by CEO Brady Rodgers, whose current roles include serving as CEO of Antelope Energy Partners and Native State CCS, and Chairman Charles Fox, the co-founder and CEO of oil and gas producer Windy Cove Energy II, and Pure Earth Plasma Holdings. The SPAC plans to target the carbon capture, utilization, and storage industry, focusing on businesses with enterprise values between $150 million and $250 million, sound environmental and regulatory performance criteria, and significant growth potential, among other characteristics.
CO2 Energy Transition Corp. was founded in 2021 and plans to list on the Nasdaq under the symbol NOEMU. EF Hutton is the sole bookrunner on the deal.
Relevant Profile: NOEMU
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ Google's Power Play: First CCS Deal Reshapes Energy 🌎 True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Cap...
Inside This Issue 💰 The $27/ton Question: What Makes a Carbon Removal Credit Worth 3x More? 🛢️ EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas 🌍 UN Endorses First Articl...
Inside This Issue 🪣 Shovels Hit the Ground on California’s First Carbon Storage Hub 🤝 CHARBONE Announces a Strategic Alliance with a Leading U.S. Industrial Gas Producer 📜 Gold Standard Approves M...
LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), a leader in carbon transformation technology, today announced that the investors in its affiliate LanzaJet, Inc. have entered i...
True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Capture in Innisfail, Alberta Innisfail, Alberta -- (Newsfile Corp. - October...
MAX Power Receives Drilling License for Canada’s First Dedicated Natural Hydrogen Well
Lawson Drilling Set to Begin in Early November as MAX Power Advances Canada’s First Natural Hydrogen Well October 24, 2025 08:00 ET | Source: MAX Power Mining Corp MAX Power Saskatchewan Natural ...
Google's Power Play: First CCS Deal Reshapes Energy
Google just made a move that could reshape how the tech industry powers its future. The company signed the first-ever corporate power purchase agreement for a natural gas plant with carbon capture ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.