CO2 Energy Transition (NOEM)
Seeking an energy-focused business combination through a publicly traded capital pool.
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Provides a publicly traded capital pool for an initial business combination, concentrating its search on energy and energy-transition businesses. With no operating business, revenue, or customers, its outcome depends on identifying, financing, and closing a qualifying transaction.
Operates as a special purpose acquisition company rather than an energy operator. It holds offering proceeds in trust while management searches for and negotiates an initial business combination, with cash outside the trust supporting diligence, legal, accounting, tax, and public-company work. Its mandate focuses principally on energy and energy-transition businesses, including oil, gas, and LNG production, servicing, and transportation; lower-carbon fuels; power-generation emissions reduction; and related services, equipment, and manufacturing.
The search is not geographically limited, and it has no commercial footprint, customers, products, operating revenue, reportable segments, or full-time employees. A non-binding letter of intent concerns an unnamed Texas energy operator with proposed brine-based lithium and strontium recovery alongside natural-gas production, but no definitive agreement has been signed. Any initial combination must meet Nasdaq's value requirement and post-combination listing requirements.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.2K · Total debt $309.6K · Total assets $72.8M · Shareholders' equity $70.3M
- Revenue
- $0
- Operating income
- −$182.3K
- Net income
- $327.6K
No dividends on record.
| Institutions27 holders · as of Mar 31, 2026 | 70.80% | 6.79M shares | |
| Strategic holders1 holder · as of Mar 21, 2025 | 5.19% | 497.5K shares | |
| Otherremainder | 24.01% | 2.30M shares |
9.59M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (3.72M in the company's Sep 3, 2026 report, 9.59M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Mizuho Securities USA LLCInstitution | 8.77% | 840,729 | 13Fas of Mar 31, 2026 |
Mizuho Financial Group, Inc.Institution | 8.75% | 838,309 | 13Gfiled Aug 13, 2025 ↗ |
Karpus Management, Inc.Institution | 7.61% | 729,671 | 13Fas of Mar 31, 2026 |
AQR Capital Management, LLCInstitution | 6.15% | 590,000 | 13Gfiled Feb 14, 2025 ↗ |
Mmcap International Inc. SPCInstitution | 6.15% | 590,000 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Energy Transition Special Opportunities
Rival SPAC for climate-transition and renewable-energy targets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CO2 Energy Transition | $10.69 | −0.47% | $102.5M | 70.0 | — | — | — |
| Energy Transition Special Opportunities | $9.91 | −0.10% | $148.7M | — | — | — | — |