Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1123

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1123
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mated the sale of 265,000 units (the “Private Units”) at a price
of $10.00 per Private Unit in a private placement to the Company’s sponsor, CO2 Energy Transition, LLC (the “Sponsor”),
generating gross proceeds of $2,650,000, which is described in Note 4.

Transaction costs amounted
to $3,423,710 consisting of $517,500 of cash underwriting discount, $2,070,000 of deferred underwriting fees, $77,280 fair value of Representative
Shares (as defined in Note 8), and $758,930 of other offering costs.

On November 22, 2024, in
connection with the closing of the Initial Public Offering, the underwriters were entitled to a cash underwriting discount of 0.75% of
the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing of the Initial Public Offering. Additionally,
the underwriters were entitled to a deferred underwriting discount of 3.00% of the gross proceeds of the Initial Public Offering, or
$2,070,000, payable upon the closing of an initial Business Combination from the amounts held in the Trust Account, as well as 120,750
representative shares with the fair value of $77,268 issued to the underwriters in connection with the closing of the Initial Public
Offering.

There is no assurance that
the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations
with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account
(as defined below) (excluding any deferred underwriting discounts). The Company will only complete a Business Combination if the post-transaction
company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest
in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940,
as amended (the “Investment Company Act”).

F-7

Following the closing of
the Initial Public Offering, on November 22, 2024, an amount of $69,000,000 ($10.00 per Unit) from the net proceeds of the sale of the
Units in the Initial Public Offering and the sale of the Private Units was placed in a