Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 143

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 143
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 does not meet such criteria. Even if the post-transaction company owns 50% or more of the voting
securities of the target, our stockholders prior to our initial business combination may collectively own a minority interest in the post
business combination company, depending on valuations ascribed to the target and us in our initial business combination transaction. For
example, we could pursue a transaction in which we issue a substantial number of new shares of common stock in exchange for all of the
issued and outstanding capital stock, shares or other equity securities of a target, or issue a substantial number of new shares to third-parties in
connection with financing our initial business combination. In this case, we would acquire a 100% interest in the target. However, as
a result of the issuance of a substantial number of new shares of common stock, our stockholders immediately prior to such transaction
could own less than a majority of our issued and outstanding shares of common stock subsequent to such transaction. In addition, other
minority stockholders may subsequently combine their holdings resulting in a single person or group obtaining a larger share of the company’s
shares than we initially acquired. Accordingly, this may make it more likely that our management will not be able to maintain our control
of the target business.

38

We may be unable to obtain additional financing
to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure
or abandon a particular business combination.

Although we believe that the
net proceeds of our IPO and the sale of the private placement units will be sufficient to allow us to complete our initial business combination,
because we have not yet selected any target business we cannot ascertain the capital requirements for any particular transaction. If the
net proceeds of our IPO and the sale of the private placement units prove to be insufficient, either because of the size of our initial
business combination, the depletion of the available net proceeds in search of a target business, the obligation to redeem for cash a
significant number of shares from stockholders who elect redemption in connection with our initial business combination or the terms of
negotiated transactions to purchase shares in connection with our initial business combination, we may be required to seek additional
financing or to abandon the proposed business combination. We cannot assure you that such financing will be available on acceptable terms,
if at all. To the extent that additional financing proves to be unavailable when needed to complete our initial business combination,
we would be compelled to