Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 333

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 333
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 trust account, including interest (less
up to $100,000 of interest to pay dissolution expenses (which may include the costs associated with obtaining directors and officers “tail”
insurance) and which interest shall be net of taxes payable), pro rata to our public stockholders by way of redemption and cease all operations
except for the purposes of winding up of our affairs, as further described herein. Any redemption of public stockholders from the trust
account shall be effected automatically by function of our amended and restated certificate of incorporation prior to any voluntary winding
up. If we are required to windup, liquidate the trust account and distribute such amount therein, pro rata, to our public stockholders,
as part of any liquidation process, such winding up, liquidation and distribution must comply with the applicable provisions of Delaware
law. In that case, investors may be forced to wait beyond the allotted time period before the redemption proceeds of our trust account
become available to them and they receive the return of their pro rata portion of the proceeds from our trust account. We have no obligation
to return funds to investors prior to the date of our redemption or liquidation unless, prior thereto, we consummate our initial business
combination or amend certain provisions of our amended and restated certificate of incorporation and then only in cases where investors
have properly sought to redeem their shares of our common stock. Only upon our redemption or any liquidation will public stockholders
be entitled to distributions if we have not completed our initial business combination within the required time period and do not amend
certain provisions of our amended and restated certificate of incorporation prior thereto.

Our stockholders may be held liable for
claims by third parties against us to the extent of distributions received by them upon redemption of their shares.

Under the DGCL, stockholders
may be held liable for claims by third parties against a corporation to the extent of distributions received by them in a dissolution.
The pro rata portion of our trust account distributed to our public stockholders upon the redemption of our public shares in the event
we do not complete our initial business combination within 18 months of the closing of our IPO (or up to 24 months from the
closing of our IPO if we extend the period of time to consummate a business combination, as described in more detail in this Report) may
be considered a liquidating distribution under Delaware law. If a corporation complies with certain procedures set forth in Section 280
of the DGCL