SCHEDULE 13G/A: Key Investors Divest Entire Stake in CO2 Energy Transition Corp.

Sentiment:

Beneficial Ownership Amendment


Kerry Propper and Antonio Ruiz-Gimenez, managing members of investment advisers, have reported 0% beneficial ownership in CO2 Energy Transition Corp. as of March 31, 2025, indicating a full divestment of their previously held stake.

Summary

  • This document is an Amendment No. 1 to a Schedule 13G filing concerning the beneficial ownership of Common Stock, par value US$0.0001, of CO2 Energy Transition Corp. (the "Issuer").
  • The reporting persons are Kerry Propper (United States citizen) and Antonio Ruiz-Gimenez (Spanish citizen).
  • As of the event date of March 31, 2025, both Kerry Propper and Antonio Ruiz-Gimenez report 0.0% beneficial ownership of the Issuer's Common Stock.
  • Previously, shares were held by private funds managed by ATW SPAC Management LLC and SZOP Multistrat LP. Kerry Propper and Antonio Ruiz-Gimenez are managing members of the registered investment advisers (ATW SPAC and SZOP) that manage these funds.
  • The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest, if any, and certify that the securities were acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a change in beneficial ownership to 0% by the reporting persons. It does not contain performance metrics or forward-looking statements from the issuer, thus maintaining a neutral sentiment from the document's perspective.

Future Outlook

NA

Management Comments

  • "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

NA

Stakeholder Impact

  • Shareholders will note the complete divestment of shares by the reporting persons, who are managing members of investment advisers that previously held a stake in the company.

Key Dates

DateDescription
03/31/2025Date of event which requires filing of this statement, indicating the reporting persons' beneficial ownership became 0%.
05/15/2025Date of signing and filing of the Schedule 13G Amendment No. 1.

Keywords

CO2 Energy Transition Corp., Schedule 13G, beneficial ownership, Kerry Propper, Antonio Ruiz-Gimenez, Common Stock, SEC filing, investment advisers, divestment

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