Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 285

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 285
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 fund a “no-shop” provision (a provision in letters of intent designed to keep target businesses
from “shopping” around for transactions with other companies or investors on terms more favorable to such target businesses)
with respect to a particular proposed business combination, although we do not have any current intention to do so. If we entered into
a letter of intent where we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit
such funds (whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct
due diligence with respect to, a target business. If we have not completed our initial business combination within the required time period,
our public stockholders may receive only approximately $10.00 per share, or less in certain circumstances, on the liquidation of our trust
account and our warrants and rights will expire worthless. See “— If third parties bring claims against us, the proceeds
held in the trust account could be reduced and the per-share redemption amount received by stockholders may be less than $10.00 per
share” and other risk factors herein.

31

If the net proceeds of our IPO and the sale
of the private placement units not being held in the trust account are insufficient, it could limit the amount available to fund our search
for a target business or businesses and complete our initial business combination and we may depend on loans from our sponsor or management
team to fund our search, to pay our taxes and to complete our initial business combination.

Of the net proceeds of our
IPO and the sale of the private placement units, as of December 31, 2024, only approximately $953,069 was available to us outside the
trust account to fund our working capital requirements. If we are required to seek additional capital, we would need to borrow funds from
our sponsor, management team or other third parties to operate or may be forced to liquidate. Neither our sponsor, members of our management
team nor any of their respective affiliates is under any obligation to loan funds to, or otherwise invest in, us in such circumstances.
Any such loans may be repaid only from funds held outside the trust account or from funds released to us upon completion of our initial
business combination. If we have not completed our initial business combination within the required time period because we do not have
sufficient funds available to us, we will be forced to cease operations and liquidate the trust account. In such