# EDGAR Filing Document

**Accession Number:** 0001956648
**File Stem:** 0000000000-23-000476
**Filing Date:** 2023-1
**Character Count:** 10375
**Document Hash:** c1f664c0f00664e9a65faff120757779
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000476.hdr.sgml**: 20241211

**ACCESSION NUMBER**: 0000000000-23-000476

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230117

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CO2 Energy Transition Corp.
- **CENTRAL INDEX KEY:** 0001956648
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-06519

**BUSINESS ADDRESS:**
- **STREET 1:** 1334 BRITTMOORE RD, SUITE 190
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77043
- **BUSINESS PHONE:** 346-482-6238

**MAIL ADDRESS:**
- **STREET 1:** 1334 BRITTMOORE RD, SUITE 190
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77043
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-22-081668

## Text-Extract

```

United States securities and exchange commission logo

                              January 17, 2023

       E. Will Gray II
       Chairman and Chief Executive Officer
       CO2 Energy Transition Corp.
       1334 Brittmoore Rd, Suite 190
       Houston, TX 77043

                                                        Re: CO2 Energy
Transition Corp.
                                                            Draft Registration
Statement on Form S-1
                                                            Submitted December
21, 2022
                                                            CIK No. 0001956648

       Dear E. Will Gray II:

              We have reviewed your draft registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Draft Registration Statement on Form S-1 submitted December 21, 2022

       Risk Factors
       If we seek stockholder approval of our initial business combination, our
sponsor, directors,
       officers, advisors..., page 37

   1.                                                   We note disclosure that
your sponsor, officers, directors, advisors and their affiliates may
                                                        purchase shares in the
open market from public shareholders for the purpose of voting
                                                        those shares in favor
of a proposed business combination, thereby increasing the
                                                        likelihood of the
completion of the combination. Please explain how such purchases
                                                        would comply with the
requirements of Rule 14e-5 under the Exchange Act. Refer to
                                                        Tender Offer Rules and
Schedules Compliance and Disclosure Interpretation 166.01 for
                                                        guidance.
 E. Will Gray II
CO2 Energy Transition Corp.
January 17, 2023
Page 2
We may issue our shares to investors in connection with our initial business
combination at a
price..., page 64

2.     We note your disclosure that you may issue shares to investors in PIPE
transactions that
       may be less, and potentially significantly less, than the market price
for your shares at
       such time. Please expand your disclosure to describe how the terms of
such financings
       may impact public shareholders.
Management, page 114

3.     Please clarify the business experience of E. Will Gray II during the
past five years as
       required by Item 401(e) of Regulation S-K.
General

4.     With a view toward disclosure, please tell us whether your sponsor is,
is controlled by, or
       has substantial ties with a non-U.S. person. If so, also include risk
factor disclosure that
       addresses how this fact could impact your ability to complete your
initial business
       combination. For instance, discuss the risk to investors that you may
not be able to
       complete an initial business combination with a U.S. target company
should the
       transaction be subject to review by a U.S. government entity, such as
the Committee on
       Foreign Investment in the United States (CFIUS), or ultimately
prohibited. Disclose that
       as a result, the pool of potential targets with which you could complete
an initial business
       combination may be limited. Further, disclose that the time necessary
for government
       review of the transaction or a decision to prohibit the transaction
could prevent you
       from completing an initial business combination and require you to
liquidate. Disclose the
       consequences of liquidation to investors, such as the losses of the
investment opportunity
       in a target company, any price appreciation in the combined company, and
the warrants,
       which would expire worthless.
       You may contact Jeffrey Lewis at 202-551-6216 or Wilson Lee at
202-551-3468 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Pearlyne Paulemon at 202-551-8714 or Jeffrey Gabor at 202-551-2544 with
any other
questions.

                                                             Sincerely,
FirstName LastNameE. Will Gray II
                                                             Division of
Corporation Finance
Comapany NameCO2 Energy Transition Corp.
                                                             Office of Real
Estate & Construction
January 17, 2023 Page 2
cc:       Joan S. Guilfoyle
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

January 17, 2023

E. Will Gray II  
Chairman and Chief Executive Officer  
CO2 Energy Transition Corp.  
1334 Brittmoore Rd, Suite 190  
Houston, TX 77043

# **Re: CO2 Energy Transition Corp.  
Draft Registration Statement on Form S-1  
Submitted December 21, 2022  
CIK No. 0001956648**

Dear E. Will Gray II:

We have reviewed your draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments.

Draft Registration Statement on Form S-1 submitted December 21, 2022

# Risk Factors

If we seek stockholder approval of our initial business combination, our sponsor, directors, officers, advisors..., page 37

1. We note disclosure that your sponsor, officers, directors, advisors and their affiliates may purchase shares in the open market from public shareholders for the purpose of voting those shares in favor of a proposed business combination, thereby increasing the likelihood of the completion of the combination. Please explain how such purchases would comply with the requirements of Rule 14e-5 under the Exchange Act. Refer to Tender Offer Rules and Schedules Compliance and Disclosure Interpretation 166.01 for guidance.

E. Will Gray II  
CO2 Energy Transition Corp.  
January 17, 2023  
Page 2

We may issue our shares to investors in connection with our initial business combination at a price... page 64

2. We note your disclosure that you may issue shares to investors in PIPE transactions that may be less, and potentially significantly less, than the market price for your shares at such time. Please expand your disclosure to describe how the terms of such financings may impact public shareholders.

Management, page 114

3. Please clarify the business experience of E. Will Gray II during the past five years as required by Item 401(e) of Regulation S-K.

# General

4. With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless.

You may contact Jeffrey Lewis at 202-551-6216 or Wilson Lee at 202-551-3468 if you have questions regarding comments on the financial statements and related matters. Please contact Pearlyne Paulemon at 202-551-8714 or Jeffrey Gabor at 202-551-2544 with any other questions.

Sincerely,

Office of Real Estate & Construction

cc: Joan S. Guilfoyle