Form 8-K - Current report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

January 14, 2025

Date of Report (Date of earliest event reported)

 

CO2 ENERGY TRANSITION CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware		001-42417		87-2950691
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

1334 Brittmoore Rd, Suite 190 Houston, Texas		77043
(Address of Principal Executive Offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		NOEM		The Nasdaq Stock Market LLC
Warrants		NOEMW		The Nasdaq Stock Market LLC
Rights		NOEMR		The Nasdaq Stock Market LLC
Units		NOEMU		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 8.01. Other Events.

 

Separate Trading of Units, Common Stock, Warrants and Rights

 

On January 14, 2025, CO2 Energy Transition Corp. (the “Company”, “we” and “us”) announced that, commencing on January 16, 2025, the holders of units (“Units”) issued in the Company’s initial public offering may elect to separately trade the shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), warrants (the “Public Warrants”) and rights (“Public Rights”) included in the Units. Each Unit consists of one share of Common Stock, one Public Warrant and one Public Right. Each Public Warrant entitles the holder to receive one share of our Common Stock at an exercise price of $11.50 per share. Each holder of a Public Right will automatically receive one-eighth (1/8) of one share of Common Stock upon consummation of our initial business combination. No fractional Public Rights will be issued upon separation of the Units and only whole Public Rights will trade. The shares of Common Stock, Public Warrants and Public Rights that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “NOEM”, “NOEMW” and “NOEMR,” respectively. Those Units not separated will continue to trade on the Nasdaq under the symbol “NOEMU.” Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, LLC, the Company’s transfer agent, in order to separate the Units into shares of Common Stock, Public Warrants and Public Rights.

 

A copy of the press release issued by the Company announcing the separate trading of the securities underlying the Units is attached hereto as Exhibit 99.1, and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.		Description
99.1		Press Release of CO2 Energy Transition Corp. dated January 14, 2025
104		Inline XBRL for the cover page of this Current Report on Form 8-K

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: January 15, 2025

 

CO2 ENERGY TRANSITION CORP.

 

By:	/s/ Brady Rodgers
Name:	Brady Rodgers
Title:	President and Chief Executive Officer

 

 

 

Exhibit 99.1

 

CO2 Energy Transition Corp. Announces Separate Trading of its Common Stock, Warrants and Rights to Commence on January 16, 2025

 

HOUSTON, TX, Jan. 14, 2025 (GLOBE NEWSWIRE) -- CO2 Energy Transition Corp. (Nasdaq: NOEMU) (the “Company”) today announced that commencing on or about January 16, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the shares of common stock, warrants and rights included in the units on The Nasdaq Global Market (“Nasdaq”).

 

Each unit consists of one share of common stock, par value $0.0001 per share, one warrant and one right.  Each warrant entitles the holder to receive one share of our common stock at an exercise price of $11.50 per share. Each holder of a right will automatically receive one-eighth (1/8) of one share of common stock upon consummation of our initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The shares of common stock, warrants and rights that are separated will trade on the Nasdaq under the symbols “ NOEM”, “NOEMW” and “NOEMR,” respectively. Those units not separated will continue to trade on the Nasdaq under the symbol “NOEMU.”

 

Holders of the units will need to have their brokers contact Continental Stock Transfer & Trust Company, LLC, the Company’s transfer agent, in order to separate the holders’ units into shares of common stock, warrants and rights.

 

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on November 12, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission (the “SEC”) website at http://www.sec.gov. 

 

About CO2 Energy Transition Corp.

 

CO2 Energy Transition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company will not be limited to any particular industry or geographic region, although it initially intends to pursue targets in the carbon capture, utilization and storage industry.

 

 

 

Forward-Looking Statements

 

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that an initial business combination will be completed timely, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of CO2 Energy Transition Corp., including those set forth in the Risk Factors section of CO2 Energy Transition Corp.’s registration statement and prospectus for its initial public offering (IPO) filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. CO2 Energy Transition Corp. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

Contact Information:

 

CO2 Energy Transition Corp.
Andy Martin
[e-mail]
832-724-3149

 

 

 

 

 

 

 

 

 

 

Cover	Jan. 14, 2025
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 14, 2025
Entity File Number	001-42417
Entity Registrant Name	CO2 ENERGY TRANSITION CORP.
Entity Central Index Key	0001956648
Entity Tax Identification Number	87-2950691
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1334 Brittmoore Rd
Entity Address, Address Line Two	Suite 190
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77043
City Area Code	(847)
Local Phone Number	791-6817
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Common Stock [Member]
Title of 12(b) Security	Common Stock
Trading Symbol	NOEM
Security Exchange Name	NASDAQ
Warrants
Title of 12(b) Security	Warrants
Trading Symbol	NOEMW
Security Exchange Name	NASDAQ
Rights [Member]
Title of 12(b) Security	Rights
Trading Symbol	NOEMR
Security Exchange Name	NASDAQ
Units
Title of 12(b) Security	Units
Trading Symbol	NOEMU
Security Exchange Name	NASDAQ

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