Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 162

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 162
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 the personal jurisdiction of the state and federal courts located in the State of New York
in connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”),
and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s
counsel in the foreign action as agent for such warrant holder.

This choice-of-forum provision
may limit a warrant holder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with our company,
which may discourage such lawsuits. Alternatively, if a court were to find this provision of our warrant agreement inapplicable or unenforceable
with respect to one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving
such matters in other jurisdictions, which could materially and adversely affect our business, financial condition and results of operations
and result in a diversion of the time and resources of our management and board of directors.

48

Provisions in our amended and restated certificate
of incorporation and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future
for shares of our common stock and could entrench management.

Our amended and restated certificate
of incorporation contains provisions that may discourage unsolicited takeover proposals that stockholders may consider to be in their
best interests. These provisions include three-year director terms and the ability of the board of directors to designate the terms
of and issue new series of preferred stock, which may make more difficult the removal of management and may discourage transactions that
otherwise could involve payment of a premium over prevailing market prices for our securities. Section 203 of the DGCL affects the
ability of an “interested stockholder” to engage in certain business combinations, for a period of three years
following the time that the stockholder becomes an “interested stockholder.” We will elect in our certificate of incorporation
not to be subject to Section 203 of the DGCL. Nevertheless, our certificate of incorporation contains provisions that have
the same effect as Section 203 of the DGCL, except that it provides that affiliates of our sponsor and their transferees will not
be deemed to be “interested stockholders,” regardless of the percentage of our voting stock owned by them, and will
therefore not be subject to such restrictions. These charter provisions may limit the ability of third parties to acquire control of
our company.