Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 316

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 316
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 exercise price of the warrants will be
adjusted to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price
described below will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
This may make it more difficult for us to consummate an initial business combination with a target business.

47

Once the warrants become exercisable, we may redeem
the outstanding warrants (except the private placement units):

●in whole and not in part;

●at a price of $0.01 per warrant;

●upon not less than 30 days’ prior written notice of
redemption to each warrant holder;

●and if, and only if, there is a current registration statement
in effect with respect to the shares of common stock underlying such warrants; and

●if, and only if, the last reported sale price of shares of our
common stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send
the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted
for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant).

If the foregoing conditions are satisfied and
we issue a notice of redemption, each warrant holder can exercise his, her or its warrant prior to the scheduled redemption date. However,
the price of the shares of common stock may fall below the $18.00 trigger price as well as the $11.50 warrant exercise price after the
redemption notice is issued.

Our warrant agreement designates the courts
of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive
forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of
warrant holders to obtain a favorable judicial forum for disputes with our company.

Our warrant agreement provides
that, subject to applicable law, (i) any action, proceeding or claim against us arising out of or relating in any way to the warrant
agreement, including under the Securities Act, will be brought and enforced in the courts of the State of New York or the United States
District Court for the Southern District of New York, and (ii