Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 277

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 277
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 stockholders, directors and officers have agreed (and
their respective permitted transferees will agree), pursuant to the terms of a letter agreement entered into with us, to vote their founder
shares, shares included in the private placement units and any public shares held by them in favor of our initial business combination.
As a result, in addition to the founder shares and shares included in the private placement units, we would need only a maximum of 2,107,126
votes, if approval of the transaction required majority voting approval, no votes, assuming the transaction only required the affirmative
vote of a majority of the shares voted at a meeting at which there was a quorum, of the 6,900,000 public shares sold in the IPO to be
voted in favor of an initial business combination in order to have such initial business combination approved. Our directors and officers
have also entered into the letter agreement, imposing similar obligations on them with respect to public shares acquired by them, if any.
Our majority stockholder currently owns approximately 26.8% of the issued and outstanding shares of our common stock. Accordingly, if
we seek stockholder approval of our initial business combination, it is more likely that the necessary stockholder approval will be received
than would be the case if such persons agreed to vote their founder shares in accordance with the majority of the votes cast by our public
stockholders.

27

Your only opportunity to affect the investment
decision regarding a potential business combination will be limited to the exercise of your right to redeem your shares from us for cash,
unless we seek stockholder approval of such business combination.

At the time of your investment
in us, you will not be provided with an opportunity to evaluate the specific merits or risks of any target businesses. Additionally, since
our board of directors may complete a business combination without seeking stockholder approval, public stockholders may not have the
right or opportunity to vote on the business combination, unless we seek such stockholder approval. Accordingly, if we do not seek stockholder
approval, your only opportunity to affect the investment decision regarding a potential business combination may be limited to exercising
your redemption rights within the period of time (which will be at least 20 business days) set forth in our tender offer documents
mailed to our public stockholders in which we describe our initial business combination.

The ability of our public stockholders to
redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make