Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 133

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 133
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 2024.

If our facts and circumstances
change over time such that we may be deemed to be an unregulated Investment Company, we will inform our stockholders of this change.

If we are deemed to be an investment company
under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted,
which may make it difficult for us to complete our initial business combination.

As described in the risk factor
above entitled “If we were deemed to be an investment company for purposes of the Investment Company Act of 1940, as
amended (the “Investment Company Act”), we may be forced to abandon our efforts to complete an initial business combination
and instead be required to liquidate the Company. To avoid that result, we may determine, in our discretion, to liquidate the securities
held in the trust account”, the SEC’s adopting release with respect to the SPAC Rules provided guidance describing
the extent to which SPACs could become subject to regulation under the Investment Company Act and the regulations thereunder. Whether
a SPAC is an investment company will be a question of facts and circumstances. If our facts and circumstances change over time, we will
update our disclosure to reflect how those changes impact the risk that we may be considered to be operating as an unregistered investment
company. We can give no assurance that a claim will not be made that we have been operating as an unregistered investment company.

If we are deemed to be an investment
company under the Investment Company Act, our activities may be restricted, including:

●restrictions on the nature of our investments; and

●restrictions on the issuance of securities; each of which
may make it difficult for us to complete our initial business combination.

●In addition, we may have imposed upon us burdensome requirements, including:

●registration as an investment company with the SEC;

●adoption of a specific form of corporate structure; and

●reporting, record keeping, voting, proxy and disclosure requirements
and other rules and regulations that we are currently not subject to.

We do not believe that our
anticipated principal activities will subject us to the Investment Company Act. To this end, the proceeds held in the trust account will
be initially invested by the trustee only in U.S. government treasury bills with a maturity of 185 days or less or in money
market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the