Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 92

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 92
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    No
  
    Purchase of stock of target not involving a merger with the company 
    No
  
    Merger of target into a subsidiary of the company 
    No
  
    Merger of the company with a target 
    Yes

Under Nasdaq’s listing
rules, stockholder approval would be required for our initial business combination if, for example:

●we issue (other than in a public offering for cash) shares of
common stock that will either (a) be equal to or in excess of 20% of the number of shares of our common stock then issued and outstanding
(other than in a public offering);

●any of our directors, officers or substantial security holders
(as defined by the rules of Nasdaq) has a 5% or greater interest, directly or indirectly, in the target business or assets to be acquired
and if the number of shares of common stock to be issued, or if the number of shares of common stock into which the securities may be
convertible or exercisable, exceeds either (a) 1% of the number of shares of common stock or 1% of the voting power outstanding
before the issuance in the case of any of our directors and officers or (b) 5% of the number of shares of common stock or 5% of
the voting power issued and outstanding before the issuance in the case of any substantial security holders; or

●the issuance or potential issuance of shares of common stock
will result in our undergoing a change of control.

The decision as to whether
we will seek stockholder approval of a proposed business combination in those instances in which stockholder approval is not required
by law will be made by us, solely in our discretion, and will be based on business and legal reasons, which include a variety of factors,
including, but not limited to:

●the timing of the transaction, including in the event we
determine stockholder approval would require additional time and there is either not enough time to seek stockholder approval or doing
so would place the company at a disadvantage in the transaction or result in other additional burdens on the company;

●the expected cost of holding a stockholder vote;

●the risk that the stockholders would fail to approve the
proposed business combination;

●other time and budget constraints of the company; and

●additional legal complexities of a proposed business combination
that would be time-consuming and burdensome to present to stockholders.

Permitted purchases and other transactions with respect to our securities

In