Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 332

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 332
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, 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, any distributions received by stockholders could be viewed under applicable
debtor/ creditor and/or insolvency laws as a voidable performance. As a result, a liquidator could seek to recover some or all amounts
received by our stockholders. In addition, our board of directors may be viewed as having breached its fiduciary duty to our creditors
and/or having acted in bad faith by paying public stockholders from the trust account prior to addressing the claims of creditors, thereby
exposing itself and us to claims of punitive damages.

55

If, before distributing 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, the claims of creditors in such proceeding may have priority over the claims
of our stockholders and the per- share amount that would otherwise be received by our stockholders in connection with our liquidation
may be reduced.

If, before distributing 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, the proceeds held in the trust account could be subject to applicable insolvency
law, and may be included in our liquidation estate and subject to the claims of third parties with priority over the claims of our stockholders.
To the extent any liquidation claims deplete the trust account, the per-share amount that would otherwise be received by our stockholders
in connection with our liquidation would be reduced.

If we have not completed our initial business
combination within the allotted time period, our public stockholders may be forced to wait beyond such allotted time period before redemption
from our trust account.

If we have not completed our
initial business combination within 18 months from the closing of the IPO (May 22, 2026)(or up to 24 months from the closing of our IPO
(November 22, 2026) if we extend the period of time to consummate a business combination, as described in more detail in this Report)
or during any Extension Period, we will distribute the aggregate amount then on deposit in the