Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 331

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 331
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 share. In such event, we may not be able to complete our initial business
combination, and you would receive such lesser amount per public share in connection with any redemption of your public shares. None of
our directors or officers will indemnify us for claims by third parties including, without limitation, claims by vendors and prospective
target businesses.

The securities in which we invest the funds
held in the trust account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share redemption
amount received by public stockholders may be less than $10.00 per share.

The proceeds held in the trust
account will be invested only in U.S. government treasury bills with a maturity of 185 days or less or in money market funds
investing solely in U.S. Treasuries. While short-term U.S. government treasury obligations currently yield a positive rate
of interest, they have briefly yielded negative interest rates in recent years. Central banks in Europe and Japan pursued interest
rates below zero in recent years, and the Open Market Committee of the Federal Reserve has not ruled out the possibility that it
may in the future adopt similar policies in the United States. In the event that we are unable to complete our initial business combination
or make certain amendments to our amended and restated certificate of incorporation, our public stockholders are entitled to receive their
pro-rata share of the proceeds held in the trust account, plus any interest income, net of taxes paid or payable (less, in the case
we are unable to complete our initial business combination, up to an aggregate of $100,000 of interest for dissolution expenses which
may include the costs associated with obtaining directors and officers “tail” insurance)). Negative interest rates
could reduce the value of the assets held in trust such that the per-share redemption amount received by public stockholders may
be less than $10.00 per share.

If, after we distribute the proceeds in
the trust account to our public stockholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or
bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of
our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board
of directors and us to claims of punitive damages.

If