Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 220

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 220
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 (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire
five years from the completion of a Business Combination or earlier upon redemption or liquidation.

No warrants will be exercisable
for cash unless the Company has an effective and current registration statement covering the common stock issuable upon exercise of the
warrants and a current prospectus relating to such common stock. Notwithstanding the foregoing, if a registration statement covering
the common stock issuable upon exercise of the Public Warrants is not effective within 60 business days following the consummation of
a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when
the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the
exemption provided by Section 3(a)(9) of the Securities Act, provided that such exemption is available.

Once the Public Warrants
become exercisable, the Company may redeem the Public Warrants for redemption:

    ●
    in whole and not in part;

    ● at a price of $0.01 per Public Warrant; 

    ●
    upon not less than 30 days’ prior written notice of redemption to each warrant holder;

    ● if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30-trading day period commencing after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and 

    ●
    if, and only if, there is a current registration statement in effect with respect to the common stock
    underlying such warrants.

If the Company calls the
Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do
so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of common stock issuable upon
exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend
or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted
for issuances of common stock at a price below its exercise price. Additionally, in no event will the