CO2 Energy Transition in an amended S-1 said it now plans to offer 6 million units at $10 each, down from the 8 million units registered in February 2023.
A unit consisting of one share and a warrant has been upgraded to include one right to receive a tenth of a share upon completion of a deal.
The new SPAC 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.
