other material
confidence high
sentiment positive
materiality 0.80
CO2 Energy Transition closes IPO of 6.9M units at $10, raising $69M
CO2 Energy Transition Corp.
- Sold 6,900,000 units at $10.00/unit; gross proceeds of $69,000,000.
- Underwriters' over-allotment of 900,000 units fully exercised.
- Sponsor purchased 265,000 private units at $10.00/unit for $2,650,000.
- $69,000,000 deposited into trust account; cash outside trust $1.2M.
- Blank-check company targeting carbon capture, storage, and utilization industry.