Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 46

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 46
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 account with respect to such public
shares if we fail to consummate our initial business combination within the prescribed time frame. If we do not complete our initial
business combination within such applicable time period, the proceeds of the sale of the private placement units held in the trust account
will be used to fund the redemption of our public shares, and the private placement units will expire worthless. With certain limited
exceptions, the founder shares will not be transferable, assignable or salable by our initial stockholders until the earlier of: (1) one
year after the completion of our initial business combination; and (2) subsequent to our initial business combination (x) if
the last reported sale price of shares of our common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends,
rights issuances, consolidations, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within
any 30-trading day period commencing at least 150 days after our initial business combination or (y) the date on which
we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of our public
stockholders having the right to exchange their shares of common stock for cash, securities or other property. With certain limited exceptions,
the private placement units and the shares of common stock underlying such private placement units, will not be transferable, assignable
or salable by our sponsor until 30 days after the completion of our initial business combination. Since our sponsor and directors
and officers may directly or indirectly own shares of common stock, warrants and rights following the date of this Report, our directors
and officers may have a conflict of interest in determining whether a particular target business is an appropriate business with which
to effectuate our initial business combination.

●Our directors and officers may negotiate employment or consulting
agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive
compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining
whether to proceed with a particular business combination.

75 

●Our directors and officers may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such directors and officers was included
by a target business as a condition to any agreement with respect to our initial business combination.

The conflicts described
above may