Company: NOEMW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042720
Chunk: 73

Company: CO2 Energy Transition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 and commissions. On November 22, 2024, simultaneously with the closing
of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option to purchase an additional 900,000
Units at a price of $10.00 per Unit.

The underwriters were entitled
to a cash underwriting discount of 0.75% of the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of 3.00% of the gross
proceeds of the Initial Public Offering, or $2,070,000, payable upon the closing of an initial Business Combination from the amounts held
in the Trust Account, as well as 138,000 representative shares with the fair value of $77,268 issued to the underwriters in connection
with the closing of the Initial Public Offering.

NOTE 7. STOCKHOLDERS’ DEFICIT

Preferred Stock
— The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation,
rights and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2025 and December
31, 2024, there were no shares of preferred stock issued and outstanding.

Common Stock — The
Company is authorized to issue 40,000,000 shares of common stock with a par value of $0.0001 per share. Holders of common stock are entitled
to one vote for each share. As of March 31, 2025 and December 31, 2024, 2,685,750 shares of common stock are issued and outstanding respectively,
excluding 6,900,000 shares of common stock subject to possible redemption.

Rights —
Each holder of a right will receive one-eighth (1/8) of one share of common stock upon consummation of a Business Combination, even if
the holder of such right redeemed all shares held by it in connection with a Business Combination. No fractional shares will be issued
upon exchange of the rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional
shares upon consummation of a Business Combination as the consideration related thereto has been included in the Unit purchase price paid
for by investors in