Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 243

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 243
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 for stock splits, stock dividends,
rights issuances, consolidations, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within
any 30-trading day period commencing at least 150 days after our initial business combination or (y) the date on which
we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of our public
stockholders having the right to exchange their shares of common stock for cash, securities or other property. With certain limited exceptions,
the private placement units and the shares of common stock underlying such private placement units, will not be transferable, assignable
or salable by our sponsor until 30 days after the completion of our initial business combination. Since our sponsor and directors
and officers may directly or indirectly own shares of common stock, warrants and rights following the date of this Report, our directors
and officers may have a conflict of interest in determining whether a particular target business is an appropriate business with which
to effectuate our initial business combination.

●Our directors and officers may negotiate employment or consulting
agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive
compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining
whether to proceed with a particular business combination.

75 

●Our directors and officers may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such directors and officers was included
by a target business as a condition to any agreement with respect to our initial business combination.

The conflicts described
above may not be resolved in our favor.

Accordingly, as a result
of multiple business affiliations, our directors and officers have similar legal obligations relating to presenting business opportunities
meeting the above-listed criteria to multiple entities. Below is a table summarizing the entities to which our directors and officers
currently have fiduciary duties or contractual obligations:

    Individual
     
    Entity
     
    Entity’s
    Business
     
    Affiliation
  
    William H. Flores
     
    Electric Reliability Council of Texas
     
    Electric Coop
     
    Chairman

    Veriten Holdings, LLC
     
    VC Fund
     
    Advisory Director
  
    Charles E. Fox
     
    Windy Cove Energy II,