CO2 Energy Transition Closes $69 Million IPO

MT Newswires Live

2024/11/23

CO2 Energy Transition (NOEM) said Friday it has closed the initial public offering of 6.9 million units, including 900,000 additional units, at $10 apiece for gross proceeds of $69 million.

A unit contains one share of common stock, one warrant to buy a share at $11.50, and one right that gives the holder one-eighth of a share upon completing an initial business combination, the special purpose acquisition company said.

The company's shares began trading on the Nasdaq Global Market Nov. 21.

Price: 9.98, Change: -0.01, Percent Change: -0.10

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