Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1583

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1583
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 completion of the
initial business combination, from any amounts remaining from the proceeds of the trust account released to us in connection therewith.

Indemnification Agreements

We have entered into indemnification
agreements with each of our directors and officers. The indemnification agreements and our amended and restated certificate of incorporation
and bylaws require us to indemnify our directors and officers to the fullest extent permitted by Delaware law.

Director Independence

Nasdaq listing standards require
that a majority of our board of directors be independent. An “independent director” is defined generally as a person other
than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the
company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities
of a director. Our board of directors has determined that all of our directors, other than Mr. Rodgers are “independent directors”
as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings
at which only independent directors are present.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

WithumSmith+Brown, PC, or Withum,
acts as our independent registered public accounting firm. The following is a summary of fees paid to Withum for services rendered.

Audit Fees. For the
year ended December 31, 2024 and 2023, fees were approximately $86,000 and $19,000, for the services Withum performed in connection
with our initial public offering, review of the financial information included in our Quarterly Reports on Form 10-Q for the respective
periods and the audit of our December 31, 2024 and 2023 financial statements included in this Annual Report.

Audit-Related Fees. For
the year ended December 31, 2024 and 2023, Withum did not render assurance and related services related to the performance of the
audit or review of financial statements.

Tax Fees. For the year
ended December 31, 2024 and 2023, no fees were paid to Withum for services rendered to us for tax compliance, tax advice and tax
planning.

All Other Fees. For
the year ended December 31, 2024 and 2023, Withum did not render any services to us other than those set forth above.

Pre-Approval Policy

Our audit committee was formed
in connection with