Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 497

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 497
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 and their permitted transferees will be entitled to make
up to three demands, excluding short form registration demands, that we register such securities. Notwithstanding the foregoing, the Company
shall use its best efforts to file a registration statement within 30 days of our business combination to register such securities.
In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed
subsequent to our completion of our initial business combination and rights to require us to register for resale such securities pursuant
to Rule 415 under the Securities Act. However, the registration rights agreement provides that we will not be required to effect
or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period
as described under “— Transfers of Founder Shares and Private Placement Units.” We will bear the expenses
incurred in connection with the filing of any such registration statements.

Change of Control

The Company is not aware of
any arrangements which may at a subsequent date result in a change of control of the Company.

Securities Authorized for Issuance under Equity
Compensation Table

As of December 31, 2024, we
had no compensation plans (including individual compensation arrangements) under which equity securities were authorized for issuance.

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS AND DIRECTOR INDEPENDENCE

Except as discussed below,
or otherwise disclosed above under “Executive Compensation”, there have been no transactions since January 1, 2023,
and there is not currently any proposed transaction, in which the Company was or is to be a participant, where the amount involved exceeds
the lesser of $120,000 or one percent of the average of the Company’s total assets at year-end, for the last two completed fiscal
years, and in which any officer, director, or any stockholder owning greater than five percent (5%) of our outstanding voting shares,
nor any member of the above:

On January 8, 2022, the sponsor
issued an unsecured promissory note to the Company (the “Promissory Note”), pursuant to which the Company could borrow up
to an aggregate principal amount of $400,000. On February 15, 2023, the Company amended the Promissory Note’s principal amount from
$400,000 to $450,000. On April 20, 2024, the Company further amended the Promissory Note’s principal amount from