Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 634

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 634
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liquidation, to pay the Sponsor $10,000 per month for office space, utilities, secretarial support and other administrative and consulting
services. As of December 31, 2024, the Company had incurred $3,667 of administrative services fees which was included in accrued expenses
line in the accompanying balance sheet.

F-14

NOTE 6. COMMITMENTS AND CONTINGENCIES  

Registration Rights

The holders of the Founder
Shares, Private Placement Units and any units that may be issued upon conversion of Working Capital Loans (and any common stock
issuable upon the exercise of the Private Placement Units and units that may be issued upon conversion of Working Capital Loans
and upon conversion of the Founder Shares) have rights to require the Company to register any of the securities held by them for resale
under the Securities Act pursuant to a registration and stockholder rights agreement signed on the effective date of the Initial Public
Offering. These holders are entitled to make up to three demands, excluding short form registration demands, that the Company register
such securities for sale under the Securities Act. In addition, these holders have “piggyback” registration rights to include
their securities in other registration statements filed by the Company. The registration rights agreement does not contain liquidated
damages or other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear
the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the
underwriters a 45-day option from the date of Initial Public Offering to purchase up to 900,000 additional Units to cover over-allotments,
if any, at the Initial Public Offering price less the underwriting discounts and commissions. On November 22, 2024, simultaneously with
the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option to purchase an additional
900,000 Units at a price of $10.00 per Unit.

The underwriters were entitled
to a cash underwriting discount of 0.75% of the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of 3.00% of the gross
proceeds of the Initial Public Offering, or $2,070,000, payable upon the closing of an initial Business Combination from the amounts
held in the Trust Account