Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 80

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 80
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070,000 of deferred underwriting fees (3% of the total offering proceeds) were placed into the trust
account, to be payable to the underwriters, at such time as we complete our initial business combination, subject to the terms of the
underwriting agreement.

We must complete our initial
business combination by May 22, 2026, 18 months from the closing of our IPO. However, if we anticipate that we may not be able to consummate
our initial business combination by May 22, 2026, we may, by resolution of our board, extend the period of time to consummate an initial
business combination up to six times, each by an additional one month (for a total of up to 24 months to complete a business combination).
In order to extend the time available for the Company to consummate an initial business combination, our sponsor or its affiliates or
designees must deposit into the trust account $229,700 ($0.0333 per share) on or prior to the date of the applicable deadline, for each
one-month extension.

Our units, public shares,
public warrants and public rights are each traded on the Nasdaq Global Market under the symbols “NOEMU,” “NOEM”,
“NOEMW” and “NOEMR,” respectively. Our units commenced public trading on November 22, 2024, and
our public shares, public warrants and public rights commenced separate public trading on January 16, 2025.

4

Business Strategy

The Market Opportunity

We are targeting energy companies
that are undervalued in the private markets. We are focused on energy companies that will benefit from public capital and have an established
track record of profitable growth.

Our Business Strategy

We plan to focus
on four categories in the energy transition space:

1.Energy Industry

a.Production, servicing and transportation of Oil, Gas and
LNG

b.Wind and Solar and Geothermal technologies and processes

2.Reduction of CO2 emissions by the electrical generation
industry

a.Generation and/or smart usage of peak power

b.Mitigation of the adverse effects of intermittent renewable
power

c.Small scale hydro

d.Efficiency technologies

e.Electric storage

3.Generation of lower carbon intensive liquid fuels

a.Biodiesel and renewable diesel

b.Recycling of solid and liquid wastes

c.Electrofuels

d.Hydrogen (Blue/Green)

e.Ammonia (Blue/Green)

f.S