CO2 Energy Transition Corp. (NOEM): debt financing — CO2 Energy Transition Corp. enters up to $1.5M convertible working capital note with sponsor

CO2 Energy Transition Corp.

Initial principal of $11,730.09; total drawdowns up to $1.5M for working capital.
Note bears zero interest; maturity upon business combination or winding up unless accelerated on default.
Sponsor may convert outstanding into units at $10/unit (common, warrant, right) identical to IPO private placement units.
Securities issued unregistered under Section 4(a)(2) of the Securities Act.
Warrants exercisable at $11.50/share, non-redeemable while held by initial purchaser, exercisable cashless.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CO2 Energy Transition Corp. incurred convertible notes of up to an aggregate $1,500,000 in principal with CO2 Energy Transition, LLC (Sponsor) at no interest maturing earlier of effective date of Business Combination or winding up of the Company.

Instrument: convertible notes
Principal: up to an aggregate $1,500,000 in principal
Counterparty: CO2 Energy Transition, LLC (Sponsor)
Rate: no interest
Maturity: earlier of effective date of Business Combination or winding up of the Company
Event: incurrence

Exact text from the filing

”). Pursuant to the Working Capital Note, the Company may request, and in the sole discretion of the Sponsor, the Sponsor may loan the Company, drawdowns of up to an aggregate $1,500,000 in principal from time to time, less $11,731 which was advanced prior to the execution of the Working Capital Note, and included as outstanding thereunder, with such amounts to be

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CO2 Energy Transition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-033755

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