Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 276

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 276
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 combination with one or more target businesses. We have no plans, arrangements or understandings with any prospective
target business concerning a business combination and may be unable to complete our initial business combination. If we fail to complete
our initial business combination, we will never generate any operating revenues.

Our public stockholders may not be afforded
an opportunity to vote on our proposed business combination, which means we may complete our initial business combination even though
a majority of our public stockholders do not support such a combination.

We
may not hold a stockholder vote to approve our initial business combination unless the business combination would require stockholder
approval under applicable law or stock exchange rules or if we decide to hold a stockholder vote for business or other reasons. For instance,
Nasdaq rules currently allow us to engage in a tender offer in lieu of a stockholder meeting, but would still require us to obtain stockholder
approval if we were seeking to issue more than approximately 20.0% of our issued and outstanding shares to a target business as consideration
in any business combination. Therefore, if we were structuring a business combination that required us to issue more than approximately
20.0% of our issued and outstanding shares, we would seek stockholder approval of such business combination. However, except as required
by applicable law or stock exchange rules, the decision as to whether we will seek stockholder approval of a proposed business combination
or will allow stockholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based
on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require
us to seek stockholder approval. Accordingly, we may consummate our initial business combination even if holders of a majority of the
issued and outstanding shares of common stock do not approve of the business combination we consummate. Please see the section entitled
“Item 1. Business—Organizational History and Business—Stockholders may not have the ability to approve our
initial business combination” for additional information.

If we seek stockholder approval of our initial
business combination, our initial stockholders, directors and officers have agreed to vote in favor of such initial business combination,
regardless of how our public stockholders vote.

Unlike some other blank check
companies in which the initial stockholders agree to vote their founder shares in accordance with the majority of the votes cast by the
public stockholders in connection with an initial business combination, our initial