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CO2 Energy Transition Corp. (NOEMW) Warrant

NASDAQPre-merger SPAC warrantstrike $11.501 share per warrantupdated 2026-10-04

Each NOEMW warrant gives the holder the right to buy 1 share of CO2 Energy Transition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.51, below the strike, so the warrant is out of the money. CO2 Energy Transition Corp. has a market value of about $39.06M. CO2 Energy Transition Corp. is a SPAC (no deal announced yet). It must complete a deal by October 22, 2026 or the warrants expire worthless. There are 6.90M listed warrants; exercising all of them would add 185.7% to the 3.72M shares outstanding.

Warrant price
$0.1400
last close
NOEM share price
$10.51
91% of strike
Market cap
$39.06M
3.72M shares
Deadline to close a deal
21 days
2026-10-22
Dilution if exercised
185.7%
6.90M warrants

NOEM vs strike, last 12 months

No share-price history for NOEM yet.

Key terms

Strike per share
$11.50
Shares per warrant
1
Cash to exercise one warrant
$11.50
Expiry
merger + 5 years
Redemption trigger
$18.00
Cashless exercise
allowed
Break-even stock price
$11.64

From the issuer's S-1/A (2024-10-23).

Company and stock

Company
CO2 Energy Transition Corp.
Underlying stock
NOEM
Share price
$10.51
Market cap
$39.06M
Shares outstanding
3.72M
Value of all listed warrants
$966.00K (2.5% of market cap)

Market cap is the last share price times shares outstanding (as of 2026-08-13). All SEC filings for this company.

Model value vs price Pro

Model value
Last price
$0.1400
Price / model

Get Pro to see whether NOEMW is cheap or rich against our model.

Dilution

Shares outstanding
3.72M
Listed warrants
6.90M
Dilution if all exercised
185.7%

Warrant count from filing iXBRL: PublicWarrantsMember.

SPAC deal

Status
no deal announced yet
Target
—
Deal announced
—
Deadline
2026-10-22
Latest possible deadline
2027-06-22
Trust per share
$10.52
Sponsor
CO2 Energy Transition LLC
Sponsor's earlier SPACs
0 (0 closed a deal)
Chance of a deal

A SPAC warrant is worth nothing if no deal closes by the deadline.

Filings and events

Questions about NOEMW

When does the NOEMW warrant expire?

Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.

What is the strike price of NOEMW?

$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.

How many NOEMW warrants are outstanding?

6.90M listed warrants, equal to 185.7% dilution if all are exercised.

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