Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 690

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 690
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ITEM 3. LEGAL PROCEEDINGS

Although we may, from time
to time, be involved in litigation and claims arising out of our operations in the normal course of business, we are not currently a
party to any material legal proceeding. In addition, we are not aware of any material legal or governmental proceedings against us or
contemplated to be brought against us.

ITEM 4. MINE SAFETY DISCLOSURES.

This item is not applicable
to the Company.

60

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our units, public shares,
public warrants and public rights are each traded on the Nasdaq Global Market under the symbols “NOEMU,” “NOEM”,
“NOEMW” and “NOEMR,” respectively. Our units commenced public trading on November 22, 2024, and
our public shares, public warrants and public rights commenced separate public trading on January 16, 2025.

Holders

On March 19, 2025, there were
two holders of record of our public units, five holders of record of our common stock, one holder of record of our public warrants, and
one holder of record our public rights.

The number of holders of
record does not include a substantially greater number of “street name’ holders or beneficial holders whose public units,
common stock and public warrants and public rights are held of record by banks, brokers and other financial institutions.

Dividends

We have not paid any cash
dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our
initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors
is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur
any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive
covenants we may agree to in connection therewith.

Securities Authorized for Issuance Under Equity
Compensation Plans

None.