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 🏗️ Emvolon Raises $22 Million Funding Round to Launch Its Modular, Waste-to-fuel Chemical Plants 🔋 Terraton Turns Kenyan Nut Shells into Carbon Credits ⚡ Ballard Launches HPU Agi...
Inside This Issue 🏭 Global CCS Hits 113 Projects as Americas Lead Capacity 💰 We're Moving $2M+ to Climate Solutions 💧 China Launches World's First Semi-submersible Offshore Wind-to-hydrogen Platfo...
Inside This Issue 🪨 Inside Blm's 650,000-Acre Bet on Wyoming Carbon Storage 🏭 California Advances Carbon Capture and Removal Regulations Under SB 905 ⚡ Why a Japanese Power Giant Is Betting on Den...
Definitive agreement advances delivery of the electrolyzer facility supplying renewable hydrogen for ultra-low-carbon methanol production in Sinaloa, Mexico MEXICO CITY--(BUSINESS WIRE)--Transitio...
Ozona, Marubeni Make Final Investment Decision on Texas Carbon Storage Project
Pawnee Project Will Capture and Permanently Store Carbon Dioxide in Bee County, With First Injection Targeted for Early 2027 SAN ANTONIO, Texas--BUSINESS WIRE--Ozona CCS LLC (“Ozona”) announced a ...
SAN JOSE, Calif.--(BUSINESS WIRE)--Fortera, a leading low-carbon cement manufacturer, has signed a multi-year deal with Meta to supply environmental attribute certificates (EACs) associated with ap...
Fortera and MLC Select Ste. Genevieve, Mo. for First Commercial CO₂-to-Cement Plant
Fortera to launch patented sustainable cement technology, producing 300,000 tons of ReAct® cement annually using carbon captured from MLC's lime production STE. GENEVIEVE, Mo., Oct. 22, 2026 /PRNe...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.