Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 203

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 203
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ated
the Initial Public Offering of 6,900,000 units, with each unit consisting of one share of our common stock, one redeemable warrant, and
one right (the “Units” and, with respect to the shares of common stock included in the Units offered, the “Public Shares”),
which includes the full exercise by the underwriters of their over-allotment option in the amount of 900,000 Units, at $10.00 per Unit,
generating gross proceeds of $69,000,000 which is described in Note 3. Each warrant entitles the holder thereof to purchase one share
of our common stock at a price of $11.50 per share, subject to adjustment as provided herein and each eight rights entitle the holder
thereof to receive one share of common stock at the closing of a business combination.

On November 22, 2024, the
Company consummated the Initial Public Offering of 6,900,000 Units, which includes the full exercise by the underwriters of their over-allotment
option in the amount of 900,000 Units, at $10.00 per Unit, generating gross proceeds of $69,000,000.

Simultaneously with the
closing of the Initial Public Offering, the Company consummated the sale of 265,000 units (the “Private Units”) at a price
of $10.00 per Private Unit in a private placement to the Company’s sponsor, CO2 Energy Transition, LLC (the “Sponsor”),
generating gross proceeds of $2,650,000, which is described in Note 4.

Transaction costs amounted
to $3,423,710 consisting of $517,500 of cash underwriting discount, $2,070,000 of deferred underwriting fees, $77,280 fair value of Representative
Shares (as defined in Note 8), and $758,930 of other offering costs.

On November 22, 2024, in
connection with the closing of the Initial Public Offering, the underwriters were entitled to a cash underwriting discount of 0.75% of
the gross proceeds of the Initial Public Offering, or $517,500, which was paid upon the closing of the Initial Public Offering. Additionally,
the underwriters were entitled to a deferred underwriting discount of 3.00% of the gross proceeds of the Initial Public Offering, or
$2,070,000, payable upon the closing of an initial Business