Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 24

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 ended September 30, 2025, the Company had incurred and paid $30,000 and $90,000 of administrative
services fees, respectively. The administrative services fees are included in General and administrative costs in the Company’s
condensed statements of operations.

NOTE 6. COMMITMENTS AND CONTINGENCIES  

Registration Rights

The holders of the Founder
Shares, Private Placement Units and any units that may be issued upon conversion of the Working Capital Note (and any common stock
issuable upon the exercise of the Private Placement Units and Working Capital Note Units) have rights to require the Company to register
any of the securities held by them for resale under the Securities Act pursuant to a registration and stockholder rights agreement signed
on the effective date of the Initial Public Offering. These holders are entitled to make up to three demands, excluding short form registration
demands, that the Company register such securities for sale under the Securities Act. In addition, these holders have “piggyback”
registration rights to include their securities in other registration statements filed by the Company. The registration rights agreement
does not contain liquidated damages or other cash settlement provisions resulting from delays in registering the Company’s securities.
The Company will bear the expenses incurred in connection with the filing of any such registration statements.

16

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

Underwriting Agreement

The Company granted the
underwriters a 45-day option from the date of the Initial Public Offering to purchase up to 900,000 additional Units to cover over-allotments,
if any, at the Initial Public Offering price less the underwriting discounts and commissions. On November 22, 2024, simultaneously with
the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option to purchase an additional
900,000 Units at a price of $10.00 per Unit.

The underwriters were entitled
to a cash underwriting discount of 0.75% of the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of 3.00% of the gross
proceeds of the Initial Public Offering, or $2,070,000, payable upon the closing of an initial Business Combination from the amounts held