Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 114

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 114
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 and our financial resources will be relatively
limited when contrasted with those of many of these competitors. While we believe there are numerous target businesses we could potentially
acquire with the net proceeds of our IPO and the sale of the private placement units, our ability to compete with respect to the acquisition
of certain target businesses that are sizable will be limited by our available financial resources. This inherent competitive limitation
gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore, in the event we seek stockholder approval
of our initial business combination and we are obligated to pay cash for shares of our common stock, it will potentially reduce the resources
available to us for our initial business combination. Any of these obligations may place us at a competitive disadvantage in successfully
negotiating a business combination. If we have not completed our initial business combination within the required time period, our public
stockholders may receive only approximately $10.00 per share, or less in certain circumstances, on the liquidation of our trust account
and our warrants and rights will expire worthless.

Conflicts of Interest

All of our officers have fiduciary
and contractual duties to our sponsor and to certain companies in which it has invested or to certain other entities. These entities may
compete with us for acquisition opportunities. While the risk is partially mitigated due to our sponsor and the Company seeking targets
of quite different enterprise sizes, if these entities decide to pursue any such opportunity, we may be precluded from pursuing such opportunities.
Subject to his or her fiduciary duties under applicable law, none of the members of our management team who are also employed by our sponsor
or its affiliates have any obligation to present us with any opportunity for a potential business combination of which they become aware.
Our sponsor and directors and officers are also not prohibited from sponsoring, investing or otherwise becoming involved with, any other
blank check companies, including in connection with their initial business combinations, prior to us completing our initial business combination.
Our management team, in their capacities as directors, officers or employees of our sponsor or its affiliates or in their other endeavors,
may choose to present potential business combinations to the related entities described above, current or future entities affiliated with
or managed by our sponsor, or third parties, before they present such opportunities to us, subject to his or her fiduciary duties under
applicable law and any other applicable fiduciary duties. Our amended and restated certificate of incorporation provides that we renounce
our interest in any corporate opportunity offered