Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 257

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 257
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 time in which
we have to complete an initial business combination is extended in accordance with the procedures set forth in this Report) or as a result
of a stockholder vote to amend our certificate of incorporation (although they will be entitled to liquidating distributions from the
trust account with respect to any public shares they hold if we fail to complete our initial business combination within the prescribed
time frame).

82 

Notwithstanding that such shares
are already registered, the Company agreed to use its best efforts to file a registration statement within 30 days of the business
combination to register certain securities for sale under the Securities Act. These holders, and holders of units issued upon conversion
of working capital loans, if any, are entitled under the registration rights agreement to make up to three demands that we register certain
of our securities held by them for sale under the Securities Act and to have the securities covered thereby registered for resale pursuant
to Rule 415 under the Securities Act. In addition, these holders have the right to include their securities in other registration
statements filed by us. However, the registration rights agreement provides that we will not be required to effect or permit any registration
or cause any registration statement to become effective until the securities covered thereby are released from their lock-up restrictions,
as described herein. We will bear the costs and expenses of filing any such registration statements. See “Item 12. Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder Matters—Principal Stockholders— Registration Rights.”

As more fully discussed in
“Item 10. Directors, Executive Officers, and Corporate Governance—Conflicts of Interest,” if any of our directors
or officers becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she
has then-current fiduciary or contractual obligations, he or she may be required to present such business combination opportunity
to such entity prior to presenting such business combination opportunity to us. Our directors and officers currently have certain relevant
fiduciary duties or contractual obligations that may take priority over their duties to us.

The Company entered into an
administration agreement with the sponsor, commencing on November 12, 2024, through the earlier of consummation of the initial business
combination and the Company’s liquidation, to pay the sponsor $10,000 per month for office space, utilities, secretarial support
and other administrative and consulting services. As of December 31, 2024, the Company had incurred