Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 289

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 289
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 we have been operating as an unregistered investment company.

If we are deemed to be an investment
company under the Investment Company Act, our activities may be restricted, including:

●restrictions on the nature of our investments; and

●restrictions on the issuance of securities; each of which
may make it difficult for us to complete our initial business combination.

●In addition, we may have imposed upon us burdensome requirements, including:

●registration as an investment company with the SEC;

●adoption of a specific form of corporate structure; and

●reporting, record keeping, voting, proxy and disclosure requirements
and other rules and regulations that we are currently not subject to.

We do not believe that our
anticipated principal activities will subject us to the Investment Company Act. To this end, the proceeds held in the trust account will
be initially invested by the trustee only in U.S. government treasury bills with a maturity of 185 days or less or in money
market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company
Act. However, notwithstanding the nature of our investments, it is still possible that we could be deemed an investment company. To mitigate
the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer
that we hold investments in the trust account, we may, at any time, instruct the trustee to liquidate the investments held in the trust
account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank. If we were
deemed to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses
for which we have not allotted funds and may hinder our ability to complete a business combination. If we have not completed our initial
business combination within the required time period, our public stockholders may receive only approximately $10.00 per share, or less
in certain circumstances, on the liquidation of our trust account and our warrants and rights will expire worthless.

33

Changes in laws or regulations, or a failure
to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial
business combination, and results of operations.

We are subject to laws and
regulations enacted by national, regional and local governments. In particular, we will be required to comply with certain SEC and other