Corporate ActionMay 21, 2026, 05:01 PM
CO2 Energy Transition Extends Business Combination Deadline to June 22, 2026
AI Summary
CO2 Energy Transition Corp.'s sponsor, CO2 Energy Transition, LLC, deposited $229,700 into the company's trust account to extend the deadline for its initial Business Combination by one month, moving it to June 22, 2026. In connection with this extension, the company issued a convertible promissory note for $229,700 to the sponsor. The note does not accrue interest and is convertible into units at $10.00 per unit, with each unit comprising one common stock, one warrant, and one right.
Key Highlights
- Business Combination deadline extended by one month to June 22, 2026.
- Sponsor deposited $229,700 into the company's trust account for the extension.
- CO2 Energy Transition Corp. issued a $229,700 convertible promissory note to its Sponsor.
- The note is convertible, at the Sponsor's option, into units at $10.00 per unit.
- Each unit consists of one common stock, one warrant, and one right.
- Warrants entitle holders to purchase common stock at $11.50 per share.
- The company may extend the deadline up to five additional times, each by one month.
Price Impact
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