Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 396

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 396
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 this includes a duty not to engage in self-dealing, or to otherwise benefit
as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized
in advance by the stockholders; provided that there is full disclosure by the directors. This can be done by way of permission granted
in the amended and restated certificate of incorporation or alternatively by stockholder approval at stockholder meetings.

All of our officers have
fiduciary and contractual duties to our sponsor and to certain companies in which it has invested or to certain other entities. While
the risk is partially mitigated as a result of our sponsor seeking targets of different enterprise sizes than us, if these entities decide
to pursue any such opportunity, we may be precluded from pursuing such opportunities. None of the members of our management team who
are also employed by our sponsor or its affiliates have any obligation to present us with any opportunity for a potential business combination
of which they become aware, subject to his or her fiduciary duties under applicable law. Our sponsor and directors and officers are also
not prohibited from sponsoring, investing or otherwise becoming involved with, any other blank check companies, including in connection
with their initial business combinations, prior to us completing our initial business combination. Our management team, in their capacities
as directors, officers or employees of our sponsor or its affiliates or in their other endeavors, may choose to present potential business
combinations to the related entities described above, current or future entities affiliated with or managed by our sponsor, or third
parties, before they present such opportunities to us, subject to his or her fiduciary duties under applicable law and any other applicable
fiduciary duties.

74 

Our directors and officers
presently have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant to
which such officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any
of our directors or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has
then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present
such business combination opportunity to such entity, subject to his or her fiduciary duties under applicable law. Our amended and restated
certificate of incorporation provides that we renounce our interest in any corporate opportunity offered to any