Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 130

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 130
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00 per
share” and other risk factors herein.

31

If the net proceeds of our IPO and the sale
of the private placement units not being held in the trust account are insufficient, it could limit the amount available to fund our search
for a target business or businesses and complete our initial business combination and we may depend on loans from our sponsor or management
team to fund our search, to pay our taxes and to complete our initial business combination.

Of the net proceeds of our
IPO and the sale of the private placement units, as of December 31, 2024, only approximately $953,069 was available to us outside the
trust account to fund our working capital requirements. If we are required to seek additional capital, we would need to borrow funds from
our sponsor, management team or other third parties to operate or may be forced to liquidate. Neither our sponsor, members of our management
team nor any of their respective affiliates is under any obligation to loan funds to, or otherwise invest in, us in such circumstances.
Any such loans may be repaid only from funds held outside the trust account or from funds released to us upon completion of our initial
business combination. If we have not completed our initial business combination within the required time period because we do not have
sufficient funds available to us, we will be forced to cease operations and liquidate the trust account. In such case, our public stockholders
may receive only $10.00 per share, or less in certain circumstances, and our warrants and rights will expire worthless. See “— If
third parties bring claims against us, the proceeds held in the trust account could be reduced and the per- share redemption amount received
by stockholders may be less than $10.00 per share” and other risk factors herein.

Subsequent to our completion of our initial
business combination, we may be required to take write-downs or write- offs, restructuring and impairment or other charges that
could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could
cause you to lose some or all of your investment.

Even if we conduct extensive
due diligence on a target business with which we combine, we cannot assure you that this diligence will identify all material issues that
may be present with a particular target business that it would be possible to uncover all material issues through a customary amount of
due diligence, or that factors outside of the target business and outside of our control