CO2 Energy Transition registered to offer 8 million units priced at $10 each. A unit consists of one share and a warrant.
The new SPAC plans to pursue a merger with a business in the carbon capture, utilization and storage industries.
Chairman and CEO E. Will Gray II is also CEO and a director of New Era Helium. From May 2020 up until its share exchange with New Era Helium, he served as managing partner of Solis Partners. Solis Partners owned over 215,000 acres in both Texas and Southeast New Mexico focusing on conventional natural gas/helium and carbon capture and storage and enhanced oil recovery.
EF Hutton is sole bookrunning manager of this offering.
The SPAC plans to apply for a Nasdaq listing though it has not yet selected a ticker symbol. Read more.
