Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1434

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1434
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 connection with a reduction in the size of the
offering, the subscription agreement was amended and restated on October 10, 2022, on December 28, 2022, and on December 1,
2023 to provide that the founder shares would amount to 2,300,000. Up to 300,000 founder shares were subject to forfeiture by our sponsor
depending on the extent to which the underwriters’ over-allotment option is exercised; however, because the full over-allotment
was exercised in connection with our IPO, no founder shares were forfeited.

Simultaneously with the closing
of the Initial Public Offering on November 22, 2024, the sponsor purchased an aggregate of 265,000 private placement units at a price
of $10.00 per private placement unit, for an aggregate purchase price of $2,650,000 in a private placement. Each private placement unit
consists of one private share, one private right and one redeemable private warrant. Each private right entitles the holder thereof to
receive one-eighth (1/8) of one share of common stock upon the consummation of our initial business combination. Each whole private warrant
is exercisable for one share of common stock at a price of $11.50 per share, subject to adjustment. The proceeds 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