Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 77

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 rights may expire worthless.

Warrants —
As of June 30, 2025 and December 31, 2024, the Public Warrants will become exercisable on the later of (a) 30 days after the
completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants
will expire five years from the completion of a Business Combination or earlier upon redemption or liquidation.

No warrants will be exercisable
for cash unless the Company has an effective and current registration statement covering the common stock issuable upon exercise of the
warrants and a current prospectus relating to such common stock. Notwithstanding the foregoing, if a registration statement covering the
common stock issuable upon exercise of the Public Warrants is not effective within 60 business days following the consummation of a Business
Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company
shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the exemption provided
by Section 3(a)(9) of the Securities Act, provided that such exemption is available.

Once the Public Warrants
become exercisable, the Company may redeem the Public Warrants for redemption:

●in
whole and not in part;

●at
a price of $0.01 per Public Warrant;

●upon
not less than 30 days’ prior written notice of redemption to each warrant holder;

●if,
and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock
dividends, reorganizations and recapitalizations), for any 20 trading days within a 30-trading day period commencing after the warrants
become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and

●if,
and only if, there is a current registration statement in effect with respect to the common stock underlying such warrants.

18

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited) 

If the Company calls the
Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do
so on a “cashless basis,” as described in the warrant agreement.