Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 160

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 160
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 shares of common
stock purchasable upon exercise of a warrant.

A provision of our warrant agreement may
make it more difficult for us to consummate an initial business combination.

Unlike some blank check companies,
if

(i)we issue additional shares of common stock or equity-linked
securities for capital raising purposes in connection with the closing of our initial business combination at an issue price or effective
issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith
by our board of directors and, in the case of any such issuance to our sponsor or its affiliates, without taking into account any founder
shares held by our sponsor or their respective affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”),

(ii)the aggregate gross proceeds from such issuances represent
more than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination on the
date of the completion of our initial business combination (net of redemptions), and

(iii)the volume weighted average trading price of shares of our
common stock during the 20 trading day period starting on the trading day prior to the day on which we consummate our initial business
combination (such price, the “Market Value”) is below $9.20 per share,

then the exercise price of the warrants will be
adjusted to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price
described below will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
This may make it more difficult for us to consummate an initial business combination with a target business.

47

Once the warrants become exercisable, we may redeem
the outstanding warrants (except the private placement units):

●in whole and not in part;

●at a price of $0.01 per warrant;

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

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

●if, and only if, the last reported sale price of shares of our
common stock for any 20 trading days within a 30-trading day period ending on the third