Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 981

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 981
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 of the Market Value or the Newly Issued Price, and the $18.00 per share redemption trigger price
described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value or the Newly Issued Price.

F-16

The Private Warrants are
identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Warrants and the common
stock issuable upon the exercise of the Private Warrants will not be transferable, assignable or salable until 30 days after the
completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Warrants will be exercisable on
a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private
Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable
by the Company and exercisable by such holders on the same basis as the Public Warrants.

NOTE 8. REPRESENTATIVE SHARES

Simultaneously with the
closing of Initial Public Offering on November 22, 2024, the Company issued Kingswood Capital Partners LLC, the representative of the
underwriters (“Kingswood”), 120,750 shares of common stock (the “Representative Shares”). The Company estimated
the value of the Representative Shares to be $77,280. Kingswood has agreed not to transfer, assign or sell any such shares until the
completion of the initial Business Combination. In addition, Kingswood has agreed (i) to waive its redemption rights with respect to
such shares in connection with the completion of an initial Business Combination and (ii) to waive its rights to liquidating distributions
from the Trust Account with respect to such shares if the Company fails to complete an initial Business Combination within the Combination
Period.

The Representative Shares
have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective
date of the Initial Public Offering pursuant to Rule 5110(e)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(e)(1),
these securities may not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative,
put or call transaction that would result in the economic disposition of the securities by any