Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1139

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1139
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 each right (without
paying additional consideration). The shares issuable upon exchange of the rights will be freely tradable (except to the extent held
by affiliates of the Company). As of December 31, 2024 and 2023, there were 6,900,000 and no rights outstanding, respectively.

F-15

If the Company is unable
to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders
of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from the Company’s
assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual
penalties for failure to deliver securities to the holders of the rights upon consummation of a Business Combination. Additionally, in
no event will the Company be required to net cash settle the rights. Accordingly, the rights may expire worthless.

Warrants —
As of December 31, 2024 and 2023, 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;