Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 157

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 157
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 that any of its provisions (related to pre-business combination activity (including the requirement to
fund the trust account and not release such amounts except in specified circumstances and to provide redemption rights to public stockholders
as described herein) may be amended if approved by holders of at least a majority of our common stock, and corresponding provisions of
the trust agreement governing the release of funds from our trust account may be amended if approved by holders of a majority of our common
stock. In all other instances, our amended and restated certificate of incorporation provides that it may be amended by holders of a majority
of our common stock, subject to applicable provisions of the DGCL, or applicable stock exchange rules. We may not issue additional securities
that can vote on amendments to our amended and restated certificate of incorporation or on our initial business combination. Our initial
stockholders, who collectively beneficially own 26.8% of our common stock, may participate in any vote to amend our amended and restated
certificate of incorporation and/or trust agreement and will have the discretion to vote in any manner they choose. As a result, we may
be able to amend the provisions of our amended and restated certificate of incorporation which will govern our pre-business combination
behavior more easily than some other blank check companies, and this may increase our ability to complete our initial business combination
with which you do not agree. Our stockholders may pursue remedies against us for any breach of our amended and restated certificate of
incorporation.

Our sponsor, officers and
directors have agreed, pursuant to a written agreement with us that they will not propose any amendment to our amended and restated certificate
of incorporation (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business
combination or to redeem 100% of our public shares if we do not complete our initial business combination within 18 months from the closing
of the IPO (May 22, 2026)(or up to 24 months from the closing of our IPO (November 22, 2026) if we extend the period of time to consummate
a business combination, as described in more detail in this Report) or (B) with respect to any other provision relating to stockholders’
rights or pre-initial business combination activity, unless we provide our public stockholders with the opportunity to redeem their
shares of our common stock upon approval of any such amendment at a per-share price, payable in cash