
Corporate ActionJul 13, 2026, 04:37 PM
CO2 Energy Transition Corp. Extends Business Combination Deadline to July 22
AI Summary
CO2 Energy Transition Corp. announced that its sponsor deposited an additional $229,700 into the trust account, extending the period to complete an initial business combination by one month. The new deadline for the business combination is July 22, 2026. This extension was facilitated by a $229,700 non-interest bearing convertible promissory note issued to the sponsor, convertible into units at $10.00 per unit.
Key Highlights
- Sponsor deposited $229,700 into the trust account for a one-month extension.
- The new deadline to complete a business combination is July 22, 2026.
- The extension was funded by a $229,700 convertible promissory note from the Sponsor.
- The note is non-interest bearing and payable upon business combination or winding up.
- Amounts under the note are convertible into units at $10.00 per unit.
- Each unit consists of one share of common stock, one warrant, and one right.
- The company cannot prepay the note without the Sponsor's written consent.
- The note is convertible into a maximum of 22,970 units.
Price Impact
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