Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1037

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1037
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Segment Reporting (Topic 280):
Improvements to Reportable Segment Disclosures. The amendments in this ASU require disclosures, on an annual and interim basis,
of significant segment expenses that are regularly provided to the chief operating officer decision maker (“CODM”),
as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires
that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment
profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all
annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required
to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is
effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024,
with early adoption permitted.

We
do not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect
on our financial statements.

For more information on
recently issued accounting standards, see “Note 2— Summary of Significant Accounting Policies”, to the Notes to Financial
Statements included herein.

Commitments and Contractual
Obligations

Registration Rights

The holders of founder shares,
private placement warrants and warrants that may be issued upon conversion of Working Capital Loans, if any (and any shares of common
stock issuable upon the exercise of the private placement warrants and warrants that may be issued upon conversion of Working Capital
Loans (define below under “Item 13. Certain Relationships and Related Transactions and Director Independence”) and
upon conversion of the founder shares), are entitled to certain registration rights pursuant to a registration rights agreement (discussed
in greater detail below under “Item 13. Certain Relationships and Related Transactions and Director Independence”).
These holders will be entitled to certain demand and “piggy-back” registration rights. We will bear the expenses incurred
in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters were entitled
to a cash underwriting discount of 0.75% of the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing
of the Initial Public Offering. Additionally