Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 447

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 447
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 or $517,500, which was paid upon the closing of the Initial Public Offering. Additionally,
the underwriters were entitled to a deferred underwriting discount of 3.00% of the gross proceeds of the Initial Public Offering, or
$2,070,000, payable upon the closing of an initial Business Combination from the amounts held in the Trust Account, as well as 120,750
representative shares with the fair value of $77,268 issued to the underwriters in connection with the closing of the Initial Public
Offering.

There is no assurance that
the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations
with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account
(as defined below) (excluding any deferred underwriting discounts). The Company will only complete a Business Combination if the post-transaction
company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest
in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940,
as amended (the “Investment Company Act”).

F-7

Following the closing of
the Initial Public Offering, on November 22, 2024, an amount of $69,000,000 ($10.00 per Unit) from the net proceeds of the sale of the
Units in the Initial Public Offering and the sale of the Private Units was placed in a trust account (“Trust Account”), located
in the United States and invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of
the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as
a money market fund selected by the Company meeting certain conditions of Rule 2a-7 of the Investment Company Act, as determined
by the Company, until the earlier of (i) the completion of a Business Combination, and (ii) the distribution of the funds held
in the Trust Account, as described below.

The Company will provide
the holders of the outstanding Public Shares (the “Public Stockholders”) with the opportunity to redeem all or a portion
of their Public Shares upon the completion of a Business Combination either (i) in connection with