Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 307

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 307
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 that is affiliated with our sponsor, our directors or officers,
although we do not intend to do so. Nor do we have a policy that prohibits any such persons from engaging for their own account in business
activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours. As
a result, there may be substantial overlap between companies that would be a suitable business combination for us and companies that would
make an attractive target for such other affiliates.

We may engage in a business combination
with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, directors or officers
which may raise potential conflicts of interest.

In
light of the involvement of our sponsor, directors and officers with other entities, we may decide to acquire one or more businesses
affiliated with our sponsor, directors and officers. Certain of our directors and officers also serve as officers and board members for
other entities, including those described under “Item 10. Directors, Executive Officers, and Corporate Governance—Conflicts
of Interest.” Such entities may compete with us for business combination opportunities. Our sponsor, directors and officers
are not currently aware of any specific opportunities for us to complete our initial business combination with any entities with which
they are affiliated, and there have been no preliminary discussions concerning a business combination with any such entity or entities.
Although we will not be specifically focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a
transaction if we determined that such affiliated entity met our criteria and guidelines for a business combination as set forth in “Item
1. Business—Organizational History and Business—Effecting Our Initial
Business Combination — Selection of a target business and structuring of our initial business combination”
and such transaction was approved by a majority of our independent and disinterested directors. Despite our agreement that we, or a committee
of independent and disinterested directors, will obtain an opinion from an independent investment banking firm or another valuation or
appraisal firm that regularly renders fairness opinions on the type of target business we are seeking to acquire, regarding the fairness
to our company from a financial point of view of a business combination with one or more businesses affiliated with our sponsor, directors
or officers, potential conflicts of interest still may exist and, as a result, the terms of the business combination may not be as advantageous
to our public stockholders as they would be absent any conflicts of interest.

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Since our initial stockholders will