Aristeia Capital L.L.C. Acquires Shares of 590,000 CO2 Energy Transition Corp. $NOEM

Key Points

• Aristeia Capital invested approximately $5.85 million in CO2 Energy Transition Corp. by acquiring 590,000 shares, representing about 6.15% of the company's stock.
• Other institutional investors like Westchester Capital Management and Polar Asset Management Partners also established new positions in CO2 Energy Transition during the first quarter.
• CO2 Energy Transition Corp. reported an earnings per share (EPS) of $0.04 for the quarter, with its stock trading between $9.78 and $10.78 over the past year.

Aristeia Capital L.L.C. acquired a new position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 590,000 shares of the company's stock, valued at approximately $5,853,000. Aristeia Capital L.L.C. owned 6.15% of CO2 Energy Transition at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westchester Capital Management LLC acquired a new stake in shares of CO2 Energy Transition during the 1st quarter worth approximately $1,240,000. DLD Asset Management LP acquired a new stake in shares of CO2 Energy Transition during the 1st quarter worth approximately $1,389,000. Crossingbridge Advisors LLC acquired a new stake in shares of CO2 Energy Transition during the 1st quarter worth approximately $2,778,000. Polar Asset Management Partners Inc. purchased a new position in shares of CO2 Energy Transition during the 1st quarter valued at approximately $2,877,000. Finally, AQR Arbitrage LLC purchased a new position in shares of CO2 Energy Transition during the 1st quarter valued at approximately $5,853,000.

CO2 Energy Transition Trading Down 0.1%

Shares of NASDAQ:NOEM traded down $0.01 during midday trading on Friday, reaching $10.14. 279 shares of the company's stock traded hands, compared to its average volume of 3,150. CO2 Energy Transition Corp. has a 1 year low of $9.78 and a 1 year high of $10.78. The company has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $10.02.

CO2 Energy Transition (NASDAQ:NOEM - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

CO2 Energy Transition Profile

CO2 Energy Transition Corp., a Delaware corporation, is a blank check company incorporated on September 30, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.