CO2 Energy Transition signs USD 229,700 convertible note with sponsor for deadline extension
NOEM•Key terms of the note
The note is non-interest bearing. Repayment is due at a business combination or upon winding up, subject to acceleration on an event of default.
The sponsor may convert principal into units at $10 per unit; each unit includes a common share, a warrant, and a right.
The company cannot prepay the note without the sponsor’s prior written consent.
Convertible note to fund deadline extension
CO2 Energy Transition Corp. entered a $229,700 convertible promissory note with sponsor CO2 Energy Transition, LLC on July 7, 2026.
Proceeds funded a trust deposit to extend the business-combination deadline by one month to July 22, 2026.
