Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 71

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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able warrant (“Public Warrant”). Each Public Right entitles the holder thereof
to receive one-eighth (1/8) of one share of common stock upon the consummation of a Business Combination (see Note 7). Each Public Warrant
entitles the holder to purchase one share of common stock at an exercise price of $11.50 per share (see Note 7).

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing
of the Initial Public Offering, the Sponsor purchased an aggregate of 265,000 Private Units at a price of $10.00 per Private Unit, for
an aggregate purchase price of $2,650,000 in a private placement. Each Private Unit consists of one Private Share, one right (“Private
Right”) and one redeemable warrant (“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 a Business Combination (see Note 7). Each whole Private Warrant is exercisable
for one share of common stock at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private
Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business
Combination within the Combination Period, the proceeds from the sale of the Private 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 Units and all underlying securities
will expire worthless.

NOTE 5. RELATED PARTIES

Founder Shares

On January 13, 2022,
the Sponsor entered into a subscription agreement and paid $25,000 to cover certain offering costs of the Company in consideration for
3,593,750 shares of common stock (the “Founder Shares”). In connection with a reduction in the planned size of the Initial
Public Offering, the Sponsor amended and restated the subscription agreement on October 10, 2022 to provide for a subscription of
2,300,000 shares of common stock. On December 28, 2022, in connection with a change in the terms of the offering, the Sponsor further
amended and restated the subscription agreement to provide for a subscription of 3,066,667 shares of common stock. On December 1,
2023, the Sponsor further amended and restated the subscription