Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 85

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 85
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 our securities and the prices of our securities may be more volatile.

In addition, Section 107
of the JOBS Act also provides that an “emerging growth company” can take advantage of the extended transition period
provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words,
an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise
apply to private companies. We intend to take advantage of the benefits of this extended transition period.

We will remain an emerging
growth company until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion
of our IPO, (b) in which we have total annual gross revenue of at least $1.235 billion, or (c) in which we are deemed
to be a large accelerated filer, which means the market value of our shares of common stock that is held by non-affiliates equals
or exceeds $700 million as of the end of that year’s second fiscal quarter, and (2) the date on which we have issued
more than $1.00 billion in non-convertible debt securities during the prior three-year period. References herein to “emerging
growth company” will have the meaning associated with it in the JOBS Act.

Additionally, we are a “smaller
reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial
statements. We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value
of our shares of common stock held by non-affiliates equals or exceeds $250 million as of the end of that year’s second
fiscal quarter, or (2) our annual revenues equaled or exceeded $100 million during such completed fiscal year and the market
value of our shares of common stock held by non-affiliates equals or exceeds $700 million as of the end of that year’s
second fiscal quarter.

We are a Delaware corporation
incorporated on September 30, 2021. Our executive offices are located at 1334 Brittmoore Rd,