Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 95

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 95
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 its shares in connection with our initial business combination. Our sponsor, directors, officers, advisors or any of their respective
affiliates will be restricted from purchasing shares if such purchases do not comply with Regulation M under the Exchange Act
and the other federal securities laws.

Any purchases by our sponsor,
directors, officers and/or any of their respective affiliates who are affiliated purchasers under Rule 10b-18 under the Exchange Act
will be restricted unless such purchases are made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation
under Section 9(a)(2) and Rule 10b-5 of the Exchange Act. Rule 10b-18 has certain technical requirements
that must be complied with in order for the safe harbor to be available to the purchaser. Our sponsor, directors, officers and/or any
of their respective affiliates will be restricted from making purchases of shares of common stock if the purchases would violate Section 9(a)(2) or
Rule 10b-5 of the Exchange Act.

Ability to extend time to complete an initial business combination

If we anticipate that
we may not be able to consummate our initial business combination within 18 months, we may, by resolution of our board of
directors if requested by our sponsor, extend the period of time to consummate an initial business combination up to six times, each
by an additional one month (for a total of up to 24 months to complete an initial business combination), subject to the sponsor
depositing additional funds into the trust account as set out below. Pursuant to the terms of our amended and restated certificate
of incorporation and the trust agreement entered into between us and Continental Stock Transfer & Trust Company, LLC, in order
to extend the time available for us to consummate our initial business combination, our initial stockholders or their affiliates or
designees, upon five days advance notice prior to the applicable deadline, must deposit into the trust account for each
one-month extension, $229,700 ($0.0333 per share) on or prior to the date of the applicable deadline, up to an aggregate of
$1,378,200, or approximately $0.20 per share. Any such payments would be made in the form of a loan. The terms of the promissory
note to be issued in connection with any such loans are planned to be finalized following the filing of the Form