Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 150

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 150
---
 directors and officers
are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their
time between our operations and our search for a business combination and their other businesses. We do not intend to have any full-time employees
prior to the completion of our initial business combination. Each of our officers is engaged in several other business endeavors for which
he may be entitled to substantial compensation and our officers are not obligated to contribute any specific number of hours per
week to our affairs. Certain of our independent directors also serve as officers and/or board members for other entities. If our officers’
and directors’ other business affairs require them to devote substantial amounts of time to such affairs in excess of their current
commitment levels, it could limit their ability to devote time to our affairs, which may have a negative impact on our ability to complete
our initial business combination. For a complete discussion of our officers’ and directors’ other business affairs, please
see “Item 10. Directors, Executive Officers, and Corporate Governance— Directors and Officers.”

42

Certain of our directors and officers are
now, and all of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be
conducted by us, and accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should
be presented.

Until we consummate our initial
business combination, we intend to engage in the business of identifying and combining with one or more businesses. Our sponsor and directors
and officers are, or may in the future become, affiliated with entities that are engaged in a similar business. For more information,
see the section entitled “Item 10. Directors, Executive Officers, and Corporate Governance—Conflicts of Interest.”
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.
Moreover, certain of our directors and officers have time and attention requirements for investment funds of which affiliates of our sponsor
are the investment managers.

Our directors and officers
also may become aware of business opportunities which may be appropriate for presentation to us and the other entities to which they owe
certain fiduciary or contractual duties. Accordingly, they may have conflicts of interest in determining to which entity a particular
business opportunity should be presented. These conflicts may not be resolved