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CO2 Energy Transition Corp. (Nasdaq: NOEM) has successfully completed its initial public offering, raising $69 million in gross proceeds. The company sold 6,000,000 units at $10.00 per unit, with an additional 900,000 units through the full exercise of the underwriter's over-allotment option. Each unit includes one common stock share, one warrant exercisable at $11.50, and one right to receive one-eighth of a share upon business combination. The units trade on Nasdaq under 'NOEMU', with individual components to trade as 'NOEM,' 'NOEMW,' and 'NOEMR'. Kingswood Capital Partners served as the sole underwriter.
CO2 Energy Transition Corp. has announced the pricing of its $60 million initial public offering, consisting of 6,000,000 units at $10.00 per unit. Each unit includes one common stock share, one redeemable warrant (exercisable at $11.50), and one right for one-eighth of a share upon business combination completion. The company granted a 45-day over-allotment option for 900,000 additional units. Trading will begin on Nasdaq under symbol NOEMU on November 21, 2024, with individual components later trading as NOEM, NOEMW, and NOEMR. The offering, underwritten by Kingswood Capital Partners , is expected to close on November 22, 2024.
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