Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1058

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1058
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 the amount of 900,000 Units. Each Unit consists of one common stock, one
right (“Public Right”) and one redeemable warrant (“Public Warrant”). Each Public Right entitles the holder thereof
to receive one-eighth (1/8) of one share of common stock upon the consummation of a Business Combination (see Note 7). Each Public Warrant
entitles the holder to purchase one share of common stock at an exercise price of $11.50 per share (see Note 7).

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the
closing of the Initial Public Offering, the Sponsor purchased an aggregate of 265,000 Private Units at a price of $10.00 per Private
Unit, for an aggregate purchase price of $2,650,000 in a private placement. Each Private Unit consists of one Private Share, one right
(“Private Right”) and one redeemable warrant (“Private Warrant”). Each Private Right entitles the holder thereof
to receive one-eighth (1/8) of one share of common stock upon the consummation of a Business Combination (see Note 7). Each whole Private
Warrant is exercisable for one share of common stock at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds
from the sale of the Private Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the
Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Units held
in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the
Private Units and all underlying securities will expire worthless.

F-13

NOTE 5. RELATED PARTIES

Founder Shares

On January 13, 2022,
the Sponsor entered into a subscription agreement and paid $25,000 to cover certain offering costs of the Company in consideration for
3,593,750 shares of common stock (the “Founder Shares”). In connection with a reduction in the planned size of the Initial
Public Offering, the Sponsor amended and restated the subscription agreement on October 10, 2022 to provide for a subscription of
2,300,000 shares of common stock. On December 28, 2022, in connection with a change in the terms of the offering, the Sponsor further
amended and restated the subscription agreement to provide for