Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 327

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 327
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 least $4.00 per share, the market value of listed securities would be required to be at least $75 million, we would
need to have 1.1 million publicly available shares and $20 million of market value of unrestricted publicly held shares, and we would
be required to have a minimum of 400 round lot holders (with at least 50% of such round lot holders holding securities with a market value
of at least $2,500) of our securities. We cannot assure you that we will be able to meet those initial listing requirements at that time.

If Nasdaq delists any of our
securities from trading on its exchange and we are not able to list our securities on another national securities exchange, we expect
such securities could be quoted on an over-the- counter market. If this were to occur, we could face significant material adverse consequences,
including:

●a limited availability of market quotations for our securities;

●reduced liquidity for our securities;

●a determination that our common stock is a “penny stock”
which will require brokers trading in our common stock to adhere to more stringent rules and possibly result in a reduced level of trading
activity in the secondary trading market for our securities;

●a limited amount of news and analyst coverage; and

●a decreased ability to issue additional securities or obtain
additional financing in the future.

The National Securities Markets
Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the sale of certain securities,
which are referred to as “covered securities.” Because our units, common stock, warrants and rights are listed on Nasdaq,
our units, shares of our common stock, warrants and rights qualify as covered securities under such statute. Although the states are preempted
from regulating the sale of covered securities, the federal statute does allow the states to investigate companies if there is a suspicion
of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular
case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by special purpose
acquisition companies, certain state securities regulators view blank check companies unfavorably and might use these powers, or threaten
to use these powers, to hinder the sale of securities of blank check companies in their states. Further, if we were no longer listed on
Nasdaq, our securities would not qualify as covered securities under such