Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 484

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 484
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 pursuing such opportunities. None of the members of our management team who
are also employed by our sponsor or its affiliates have any obligation to present us with any opportunity for a potential business combination
of which they become aware, subject to his or her fiduciary duties under applicable law. Our sponsor and directors and officers are also
not prohibited from sponsoring, investing or otherwise becoming involved with, any other blank check companies, including in connection
with their initial business combinations, prior to us completing our initial business combination. Our management team, in their capacities
as directors, officers or employees of our sponsor or its affiliates or in their other endeavors, may choose to present potential business
combinations to the related entities described above, current or future entities affiliated with or managed by our sponsor, or third
parties, before they present such opportunities to us, subject to his or her fiduciary duties under applicable law and any other applicable
fiduciary duties.

74 

Our directors and officers
presently have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant to
which such officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any
of our directors or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has
then-current fiduciary or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present
such business combination opportunity to such entity, subject to his or her fiduciary duties under applicable law. Our amended and restated
certificate of incorporation provides that we renounce our interest in any corporate opportunity offered to any director or officer unless
such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of the company and it is
an opportunity that we are able to complete on a reasonable basis. Our directors and officers are also not required to commit any specified
amount of time to our affairs, and, accordingly, will have conflicts of interest in allocating management time among various business
activities, including identifying potential business combinations and monitoring the related due diligence. See “Item 1A. Risk
Factors — Certain of our directors and officers are now, and all of them may in the future become, affiliated with entities
engaged in business activities similar to those intended to be conducted by us and, accordingly, may have conflicts of interest in determining
to which entity a particular