Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 318

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 318
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 their
best interests. These provisions include three-year director terms and the ability of the board of directors to designate the terms
of and issue new series of preferred stock, which may make more difficult the removal of management and may discourage transactions that
otherwise could involve payment of a premium over prevailing market prices for our securities. Section 203 of the DGCL affects the
ability of an “interested stockholder” to engage in certain business combinations, for a period of three years
following the time that the stockholder becomes an “interested stockholder.” We will elect in our certificate of incorporation
not to be subject to Section 203 of the DGCL. Nevertheless, our certificate of incorporation contains provisions that have
the same effect as Section 203 of the DGCL, except that it provides that affiliates of our sponsor and their transferees will not
be deemed to be “interested stockholders,” regardless of the percentage of our voting stock owned by them, and will
therefore not be subject to such restrictions. These charter provisions may limit the ability of third parties to acquire control of
our company.

Provisions in our amended and restated certificate
of incorporation and Delaware law may have the effect of discouraging lawsuits against our directors and officers.

Our amended and restated certificate
of incorporation requires, to the fullest extent permitted by law, that (i) any derivative action or proceeding brought on our behalf,
(ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee to us or our stockholders,
(iii) any action asserting a claim against us, our directors, officers or employees arising pursuant to any provision of the DGCL
or our amended and restated certificate of incorporation or bylaws, or (iv) any action asserting a claim against us, our directors,
officers or employees governed by the internal affairs doctrine may be brought only in the Court of Chancery in the State of Delaware,
except any action (A) as to which the Court of Chancery of the State of Delaware determines that there is an indispensable party
not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction of
the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive jurisdiction of a
court or forum other than the Court of Chancery, (C) for which the Court of Chancery