The IPO Buzz: Two SPACs – CO2 Energy Transition & Dynamix – Raise Total of $210 Million

Two SPACs – CO2 Energy Transition Corp. (NOEMU) and Dynamix Corp. (DYNXU) – raised a total of $210 million with the pricing of their IPOs on Wednesday night, Nov. 20, 2024. Both SPAC IPOs are expected to start trading today – Thursday, Nov. 21, 2024 – on the NASDAQ. Here are the pricing details:

– CO2 Energy Transition Corp. (NOEMU) –  6.0 million units at $10.00 each to raise $60.0 million – Kingswood and D. Boral Capital (formerly EF Hutton) acted as the joint book-runners. – Each unit consists of one share of common stock, one redeemable warrant to buy a share of common stock, and one right to buy 1/8 (one-eighth) of a share of common stock. CO2 Energy Transition Corp., based in Houston, intends to  focus its search for a target business in the carbon capture, utilization and storage (CCUS) industry, according to the prospectus. CO2 Energy Transition Corp. said it will look for target businesses in the energy transition sector with enterprise values between $150 million and $200 million. (Incorporated in Delaware) 

– Dynamix Corp. (DYNXU) – 15.0 million units at $10.00 each to raise $150.0 million – Cohen & Company Securities was the lead joint book-runner, with Seaport Global Securities serving as a joint book-runner. –  Each unit consists of one share of common stock and one-half of a warrant. Dynamix Corp., a remote-only company, intends to target opportunities and companies in the energy and power sector value chain. Dynamix said it will search for target companies that have an enterprise value ranging from $1.0 billion to $1.5 billion. (Incorporated in the Cayman Islands)

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.)

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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

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