CO2 Energy Transition in an amended S-1 adjusted its planned offering of 6 million units. A unit now consists pf a share, a warrant and a right. Eight rights are good for one share — a change from the last amendment in which the offering set a requirement for 10 rights to receive a share.
This is the new SPAC’s sixth amendment to the registration of the offering, which was initially filed in February 2023.
CO2 Energy Transition plans to pursue a merger with a business in the carbon capture, utilization and storage industries.
President and CEO Brady Rodgers will also serve on the board. Rodgers is currently president and CEO of Antelope Energy Partners and president and CEO of Native State CCS, a development company targeting on-site geological storage for ethanol plants since 2020.
The SPAC’s original registration for the offering noted that E. Will Gray II would serve as chairman and CEO. Gray is CEO and a director of New Era Helium.
Since the initial filing, the SPAC has applied to list on the Nasdaq under the ticker symbol NOEMU.
EF Hutton is sole bookrunning manager of this offering. Read more.
