Polar Asset Management Partners Inc. Invests $2.88 Million in CO2 Energy Transition Corp. $NOEM

Key Points

• Polar Asset Management Partners Inc. acquired 290,000 shares of CO2 Energy Transition Corp. during Q1, with the investment valued at approximately $2.87 million, representing a 3.03% ownership stake in the company.
• Several other hedge funds also invested in CO2 Energy Transition during the same period, including AQR Arbitrage LLC, which invested about $5.85 million.
• CO2 Energy Transition Corp. recently reported earnings of $0.04 per share for the quarter ending August 12, with its stock currently trading around $10.15.

Polar Asset Management Partners Inc. acquired a new stake in CO2 Energy Transition Corp. (NASDAQ:NOEM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 290,000 shares of the company's stock, valued at approximately $2,877,000. Polar Asset Management Partners Inc. owned approximately 3.03% of CO2 Energy Transition at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOEM. Westchester Capital Management LLC acquired a new stake in CO2 Energy Transition in the first quarter valued at $1,240,000. DLD Asset Management LP acquired a new position in shares of CO2 Energy Transition during the 1st quarter worth $1,389,000. Crossingbridge Advisors LLC purchased a new stake in shares of CO2 Energy Transition in the 1st quarter worth about $2,778,000. Finally, AQR Arbitrage LLC acquired a new stake in CO2 Energy Transition in the 1st quarter valued at about $5,853,000.

CO2 Energy Transition Stock Performance

NOEM remained flat at $10.15 during midday trading on Tuesday. 17 shares of the company's stock were exchanged, compared to its average volume of 3,311. The company's fifty day moving average price is $10.11 and its 200-day moving average price is $10.01. CO2 Energy Transition Corp. has a one year low of $9.78 and a one year high of $10.78.

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

CO2 Energy Transition Company 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.