CO2 Energy Transition Corp. Form 8-K Filing
On May 18, 2026, CO2 Energy Transition Corp. entered into a convertible promissory note with its sponsor, CO2 Energy Transition, LLC, for $229,700. This agreement extends the deadline for the company to complete its initial business combination by one month, to June 22, 2026. This extension payment was made following a resolution by the Board of Directors. The note does not accrue interest and is payable upon the consummation of a business combination or the winding up of the company. The sponsor has the option to convert the note into units, each consisting of one share of common stock, one warrant, and one right, at a conversion price of $10.00 per unit. These securities are subject to restrictions on transferability and resale, as they have not been registered under the Securities Act of 1933. The company also reported that it continues to progress towards its initial business combination and anticipates further extensions if necessary. The filing includes the convertible promissory note as an exhibit.