Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 127

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 127
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 rules, our sponsor, directors, officers or their affiliates may purchase shares in privately negotiated transactions
or in the open market either prior to or following the consummation of our initial business combination, although they are under no obligation
to do so. Please see “Item 1. Business—Organizational History and Business—Permitted
purchases and other transactions with respect to our securities”
for a description of how such persons will determine which stockholders to seek to acquire shares from. Such a purchase would include
a contractual acknowledgement that such stockholder, although still the record holder of our shares is no longer the beneficial owner
thereof and therefore agrees not to exercise its redemption rights. In the event that our sponsor, directors, officers or their affiliates
purchase shares in privately negotiated transactions from public stockholders who have already elected to exercise their redemption rights,
such selling stockholders would be required to revoke their prior elections to redeem their shares.

The
purpose of such purchases would be to (1) increase the likelihood of closing the business combination or (2) satisfy a closing condition
in an agreement with a target that requires us to have a minimum net worth or a certain amount of cash at the closing of the business
combination, where it appears that such requirement would otherwise not be met. This may result in the consummation of an initial business
combination that may not otherwise have been possible. To the extent that any public shares are purchased such purchases will be in compliance
with all of the requirements set forth in Tender Offers and Schedules Compliance and Disclosure Interpretations Question 166.01 promulgated
by the SEC, including that such public shares will not be voted. See “Item 1. Business—Organizational History
and Business—Permitted purchases and other transactions with respect to
our securities” for a description of how our sponsor, directors,
officers, advisors or any of their respective affiliates will select which stockholders to enter into private transactions with.

In addition, if such purchases
are made, the public “float” of our securities and the number of beneficial holders of our securities may be reduced,
possibly making it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange.

30

Because of our limited resources and the
significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination.
If we have not completed our initial business combination within the required time period, our public stockholders may receive only approximately
$10.