CO2 Energy Transition said late Wednesday it has priced an initial public offering of 6 million units at $10 each.
Each unit consists of one share of the blank-check company, one redeemable warrant entitling the holder to purchase one share at $11.50, and one right to an eighth of a share of common stock on completion of an initial business combination.
The offering is expected to close on Friday.
The company said it granted the underwriter a 45-day option to purchase up to 900,000 additional units.
The units are expected to trade on Nasdaq under the ticker symbol "NOEMU" beginning Thursday. Once the securities comprising the units begin separate trading, the common stock is expected to trade under the ticker symbol "NOEM."
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