Company: CLSO
Filing Date: 2025-09-23
Form Type: S-1
Source: 0001213900-25-090236
Chunk: 158

Company: Climate Transition Special Opportunities SPAC I
Filing Date: 2025-09-23
Form: S-1
Chunk 158
---
.00 per unit, in a private placement, if any, to occur concurrently with the closing of our initial business combination. If we enter into any forward purchase agreements, 108 the proceeds from the sale of forward purchase securities may be used as part of the consideration to the sellers in our initial business combination, expenses in connection with our initial business combination or for working capital in the post -transactioncompany. We cannot assure you that we will be able to enter into any forward purchase agreements. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (net of taxes paid or payable and excluding deferred underwriting commissions) and the proceeds from the sale of the forward purchase securities, if any, to complete our initial business combination. We may withdraw interest pursuant to permitted withdrawals. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust account will be sufficient to pay our taxes. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies. After the closing of this offering, we will have available to us (i) a total of approximately $1,275,000 of proceeds held outside the trust account (assuming our offering expenses are as expected and no exercise of the over -allotmentoption) and (ii) any amounts available pursuant to permitted withdrawals (subject to an annual limit of 10% of interest earned on funds held in the trust account). We will use these funds to primarily identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination and to pay our taxes, if any. We do not believe we will need to raise additional funds following this offering in order to meet the expenditures required for operating our business prior to our initial business combination. However, if our estimates of the costs of identifying a target business, undertaking in -depthdue diligence and negotiating an initial business combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our