Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1015

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1015
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 from the sale of the
private placement units were added to the net proceeds from the Initial Public Offering held in the trust account. If the Company does
not complete an initial business combination within 18 months (or up to 24 months from the closing of our IPO if we extend the period
of time to consummate a business combination, as described in more detail in this Report) from the closing of our IPO or during any extended
time that we have to consummate a business combination beyond 18 months (or up to 24 months if the period of time in which we have to
complete an initial business combination is extended in accordance with the procedures set forth in this Report) or as a result of a stockholder
vote to amend our certificate of incorporation (although they will be entitled to liquidating distributions from the trust account with
respect to any public shares they hold if we fail to complete our initial business combination within the prescribed time frame), the
proceeds from the sale of the private placement units held in the trust account will be used to fund the redemption of the public shares
(subject to the requirements of applicable law) and the private placement units and all underlying securities will expire worthless.

The private placement units (including the shares
of our common stock issuable upon exercise of the private placement warrants) may not, subject to certain limited exceptions, be transferred,
assigned or sold by it until 30 days after the completion of our initial business combination.

Our initial stockholders holding
founder shares, directors and officers have entered into a letter agreement with us dated November 20, 2024, pursuant to which they have
agreed to waive: (1) their redemption rights with respect to any founder shares and public shares held by them, as applicable, in connection
with the completion of our initial business combination; (2) their redemption rights with respect to any founder shares and public shares
held by them in connection with a stockholder vote to amend 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
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