Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 299

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 299
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 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 either restructure the transaction or abandon that particular business combination and seek an alternative target
business candidate.

In addition, even if we do
not need additional financing to complete our initial business combination, we may require such financing to fund the operations or growth
of the target business. The failure to secure additional financing could have a material adverse effect on the continued development or
growth of the target business. None of our directors, officers or stockholders are required to provide any financing to us in connection
with or after our initial 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.

Because we must furnish our stockholders
with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination
with some prospective target businesses.

The federal proxy rules require
that a proxy statement with respect to a vote on a business combination meeting certain financial significance tests include historical
and/or pro forma financial statement disclosure in periodic reports. We will include the same financial statement disclosure in connection
with our tender offer documents, whether or not they are required under the tender offer rules. These financial statements may be required
to be prepared in accordance with, or be reconciled to, accounting principles