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 the Issue π Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 βοΈ Delta Partners Wi...
Inside This Issue π EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion π California to Extend Cap-and-trade Program Aimed at Advancing ...
Inside this Issue βοΈ CORSIA Transforms Aviation Compliance Into Market Gold Rush π IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter π€ GenH2 Executive Chairman Josh McMor...
More than 5,000 attendees are expected at Canadaβs national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17β...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.