Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 288

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 288
---
 to, among the others, the extent to which
SPACs could become subject to regulation under the Investment Company Act. The SPAC Final Rules provide that whether a SPAC is an investment
company subject to the Investment Company Act is based on particular facts and circumstances. A specific duration period of a SPAC is
not the sole determinant, but one of the long-standing factors to consider in determination of a SPAC’s status under the Investment
Company Act. A SPAC could be deemed as an investment company at any stage of its operation. The determination of a SPAC’s status
as an investment company includes analysis of a SPAC’s activities, depending upon the facts and circumstances, including but not
limited to, the nature of SPAC assets and income, the activities of a SPAC’s officers, directors and employees, the duration of
a SPAC, the manner a SPAC holding itself out to investors, and the merging with an investment company. The SPAC Final Rules were published
in the Federal Register on February 26, 2024 and became effective on July 1, 2024.

If our facts and circumstances
change over time such that we may be deemed to be an unregulated Investment Company, we will inform our stockholders of this change.

If we are deemed to be an investment company
under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted,
which may make it difficult for us to complete our initial business combination.

As described in the risk factor
above entitled “If we were deemed to be an investment company for purposes of the Investment Company Act of 1940, as
amended (the “Investment Company Act”), we may be forced to abandon our efforts to complete an initial business combination
and instead be required to liquidate the Company. To avoid that result, we may determine, in our discretion, to liquidate the securities
held in the trust account”, the SEC’s adopting release with respect to the SPAC Rules provided guidance describing
the extent to which SPACs could become subject to regulation under the Investment Company Act and the regulations thereunder. Whether
a SPAC is an investment company will be a question of facts and circumstances. If our facts and circumstances change over time, we will
update our disclosure to reflect how those changes impact the risk that we may be considered to be operating as an unregistered investment
company. We can give no assurance that a claim will not be made that