Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 87

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 87
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 of independent
and disinterested directors, would 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 that such an initial business combination
is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.

As more fully discussed in
“Item 10. Directors, Executive Officers, and Corporate Governance—Conflicts of Interest,” if any of our directors
or officers becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she
has pre-existing fiduciary or contractual obligations, he or she may be required to present such business combination opportunity
to such entity prior to presenting such business combination opportunity to us. Our directors and officers currently have fiduciary duties
or contractual obligations that may take priority over their duties to us.

Status as a Public Company

We believe our structure will
make us an attractive business combination partner to target businesses. As an existing public company, we offer target businesses an
alternative to the traditional initial public offering through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination. In this situation, the owners of the target business would exchange their equity securities, shares or
shares of stock in the target business for our shares or for a combination of our shares and cash, allowing us to tailor the consideration
to the specific needs of the sellers. Although there are various costs and obligations associated with being a public company, we believe
target businesses will find this method a more certain and cost-effective method to becoming a public company than the typical initial
public offering. In a typical initial public offering, there are additional expenses incurred in marketing, road show and public reporting
efforts that may not be present to the same extent in connection with a business combination with us.

Furthermore, once a proposed
business combination is completed, the target business will have effectively become public, whereas an initial public offering is always
subject to the underwriters’ ability to complete the offering, as well as general market conditions, which could delay or prevent
the offering from occurring. Once public, we believe the target business would then have greater access to capital and an additional means
of providing management incentives consistent with stockholders’ interests. It can offer further benefits by augmenting a company’s
profile among potential new customers and vendors and aid in attracting talented employees.

Financial Position