Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 328

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 328
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 statute and we would be subject to regulation in each state
in which we offer our securities.

53

The normal regulatory protections for blank check companies will
not apply to your investment in this company.

Under the U.S. securities laws,
our company has characteristics of a “blank check company” because our “business plan is to engage in a merger
or acquisition with an unidentified company or companies, or other entity or person,” and Rule 419 as promulgated under the
Securities Act governs such offerings and provides an exclusion for which we qualify because Exchange Act Rule 3a51-1(a)(2) excludes from
the definition of “penny stock” a security that is registered, or approved for registration upon notice of issuance,
on a national securities exchange, or is listed, or approved for listing upon notice of issuance on, an automated quotation system sponsored
by a registered national securities association, that has established initial listing standards that meet or exceed the criteria set forth
in the Exchange Rule. Therefore, because our securities are listed on the Nasdaq Global Market, the Company can therefore rely on the
Exchange Rule to avoid being treated as a penny stock. Thus, the investor protections of Rule 419 will not apply: restriction on the transferability
of the securities, completion of an initial business combination within 18 months, and restriction on the use of interest earned
on the funds held in trust.

If we seek stockholder approval of our initial
business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group”
of stockholders are deemed to hold in excess of 15% of the shares of our common stock, you will lose your ability to redeem all such shares
in excess of 15% of shares of our common stock.

If we seek stockholder approval
of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to
the tender offer rules, our amended and restated certificate of incorporation provides that a public stockholder, together with any affiliate
of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined
under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of
15% of the shares sold in our IPO, without our prior consent. However, we would not be restricting our stockholders’ ability to
vote all of their shares