Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 176

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 176
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 and the Open Market Committee of the Federal Reserve has not ruled out the possibility that it
may in the future adopt similar policies in the United States. In the event that we are unable to complete our initial business combination
or make certain amendments to our amended and restated certificate of incorporation, our public stockholders are entitled to receive their
pro-rata share of the proceeds held in the trust account, plus any interest income, net of taxes paid or payable (less, in the case
we are unable to complete our initial business combination, up to an aggregate of $100,000 of interest for dissolution expenses which
may include the costs associated with obtaining directors and officers “tail” insurance)). Negative interest rates
could reduce the value of the assets held in trust such that the per-share redemption amount received by public stockholders may
be less than $10.00 per share.

If, after we distribute the proceeds in
the trust account to our public stockholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or
bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of
our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board
of directors and us to claims of punitive damages.

If, after we distribute the
proceeds in the trust account to our public stockholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or
bankruptcy petition is filed against us that is not dismissed, any distributions received by stockholders could be viewed under applicable
debtor/ creditor and/or insolvency laws as a voidable performance. As a result, a liquidator could seek to recover some or all amounts
received by our stockholders. In addition, our board of directors may be viewed as having breached its fiduciary duty to our creditors
and/or having acted in bad faith by paying public stockholders from the trust account prior to addressing the claims of creditors, thereby
exposing itself and us to claims of punitive damages.

55

If, before distributing the proceeds in
the trust account to our public stockholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or
bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims
of our stockholders