Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 88

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 88
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With funds available for a
business combination initially in the amount of $66,930,000 assuming no redemptions and after payment of $2,070,000 of deferred underwriting
discounts, and prior to any post-IPO working capital expenses, we offer a target business a variety of options such as creating a
liquidity event for its owners, providing capital for the potential growth and expansion of its operations or strengthening its balance
sheet by reducing its debt ratio. In the event of significant redemptions, we expect to be able to complete our initial business combination
using our cash, debt or equity securities, or a combination of the foregoing, we believe we have the flexibility to use the most efficient
combination that will allow us to tailor the consideration to be paid to the target business to fit its needs and desires. However, we
have not taken any steps to secure third-party financing and there can be no assurance it will be available to us.

9

Effecting Our Initial Business Combination

We intend to effectuate our
initial business combination using cash from the proceeds of our IPO and the sale of the private placement units, our shares, debt or
a combination of these as the consideration to be paid in our initial business combination. We may seek to complete our initial business
combination with a company or business that may be financially unstable or in its early stages of development or growth, which would subject
us to the numerous risks inherent in such companies and businesses.

If our initial business combination
is paid for using equity or debt, or not all of the funds released from the trust account are used for payment of the consideration in
connection with our initial business combination or the redemptions of our public shares, we may apply the balance of the cash released
to us from the trust account for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company,
the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the purchase
of other companies or for working capital.

We have not selected any business
combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with
any business combination target.

We may seek to raise additional
funds through a private offering of debt or equity securities in connection with the completion of our initial business combination, and
we may effectuate our initial business combination using the proceeds of such offering rather than using the amounts held in the trust