Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 158

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 158
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, equal to the aggregate amount
then on deposit in the trust account, divided by the number of then outstanding public shares. These agreements are contained in a letter
agreement that we have entered into with our sponsor, officers and directors. Our stockholders are not parties to, or third-party beneficiaries
of, these agreements and, as a result, will not have the ability to pursue remedies against our sponsor, officers or directors for any
breach of these agreements. As a result, in the event of a breach, our stockholders would need to pursue a stockholders’ derivative
action, subject to applicable law.

46

CO2 Energy Transition, LLC, our sponsor,
beneficially owns a significant percentage of our outstanding common stock and as such exercises significant voting control over us,
which limits stockholders’ abilities to influence corporate matters and could delay or prevent a change in corporate control.

CO2 Energy Transition, LLC,
our sponsor, beneficially owns approximately 26.8% of the outstanding shares of our common stock. As a result, it has significant influence
on the stockholder vote. Consequently, it has the ability to influence matters affecting our stockholders and therefore exercises significant
control in determining the outcome of a number of corporate transactions or other matters. Additionally, it will be difficult if not impossible
for investors to remove our current directors, which will mean they will remain in control of who serves as officers of the Company as
well as whether any changes are made in the Board of Directors. As a potential investor in the Company, you should keep in mind that even
if you own shares of our common stock and wish to vote them at annual or special stockholder meetings, your shares will have little effect
on the outcome of corporate decisions. Because CO2 Energy Transition, LLC will significantly influence the vote on all stockholder matters,
investors may find it difficult to replace our management if they disagree with the way our business is being operated. The interests
of CO2 Energy Transition, LLC may not coincide with our interests or the interests of other stockholders.

CO2 Energy Transition, LLC
acquired its shares of common stock for substantially less than the price of the shares of common stock acquired in our IPO, and/or the
current trading price of our common stock, and may have interests, with respect to their common stock, that are different from other investors
and the concentration of voting power held by CO2 Energy Transition, LLC may have an adverse effect on the price of our common stock