Company: NOEMW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042720
Chunk: 58

Company: CO2 Energy Transition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 complete a Business Combination within 18 months (or up to 24 months in certain circumstances, discussed below) from
the closing of the Initial Public Offering, and (c) not to propose an amendment to the Certificate of Incorporation (i) to modify
the substance or timing of the Company’s obligation to allow redemptions in connection with a Business Combination or to redeem
100% of its Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or
(ii) with respect to any other provision relating to stockholders’ rights or pre-business combination activity, unless the
Company provides the Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment. However,
if the Sponsor acquires Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions
from the Trust Account if the Company fails to complete a Business Combination within the Combination Period. If the Board of Directors
anticipates that the Company may not be able to consummate an initial business combination by May 22, 2026, the Board of Directors, by
resolution, may extend the period of time to consummate an initial business combination up to six times, each by an additional one month
(for a total of up to 24 months to complete a business combination). In order to extend the time available for the Company to consummate
an initial business combination, our sponsor or its affiliates or designees must deposit into the trust account $229,700 ($0.0333 per
share) on or prior to the date of the applicable deadline, for each one-month extension.

The Company will have until
18 months (or up to 24 months if the Company extends the period of time to consummate a Business Combination) from the closing
of the Initial Public Offering to complete a Business Combination (the “Combination Period”). If the Company has not completed
a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at
a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the
funds held in the Trust Account and not previously released to pay taxes (less up to $100,000 of interest to pay dissolution