Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 109

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 109
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 our operations will be limited to
searching for prospective target businesses to acquire, the only likely claims to arise would be from our vendors (such as lawyers, investment
bankers, etc.) or prospective target businesses. As described above, pursuant to the obligation contained in our underwriting agreement
associated with our IPO, we will seek to have all vendors, service providers (other than our independent registered public accounting
firm), prospective target businesses or other entities with which we do business execute agreements with us waiving any right, title,
interest or claim of any kind in or to any monies held in the trust account.

As a result of this obligation,
the claims that could be made against us are significantly limited and the likelihood that any claim that would result in any liability
extending to the trust account is remote.

Further, our sponsor may be
liable only to the extent necessary to ensure that the amounts in the trust account are not reduced below: (1) $10.00 per public
share; or (2) the actual amount per public share held in the trust account as of the date of the liquidation of the trust account,
if less than $10.00 per share due to reductions in value of the trust assets, in each case net of permitted withdrawals and will not be
liable as to any claims under our indemnity of the underwriters of our IPO against certain liabilities, including liabilities under the
Securities Act.

If we file a winding-up or
bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed, the proceeds held
in the trust account could be subject to applicable insolvency law, and may be included in our insolvency estate and subject to the claims
of third parties with priority over the claims of our stockholders. To the extent any insolvency claims deplete the trust account, we
cannot assure you we will be able to return $10.00 per share to our public stockholders.

Additionally, if we file a
winding-up or bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed,
any distributions received by stockholders could be viewed under applicable debtor/creditor and/or insolvency laws as a voidable performance.
As a result, a bankruptcy court could seek to recover some or all amounts received by our stockholders. Furthermore, our board of directors
may be viewed as having breached its fiduciary duty to our creditors and/or may have acted in bad