Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 927

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 927
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 which the stockholder
filed with the Securities and Exchange Commission on February 10, 2025.

(6)Address: 1 Churchill Place, London - E14 5HP. All information comes
from the Schedule 13G/A which the stockholder filed with the Securities and Exchange Commission on February 7, 2025.

80 

Our initial stockholder, our
sponsor, beneficially owns 26.8% of the issued and outstanding shares of common stock. Because of its ownership block, our initial stockholder
may be able to effectively influence the outcome of all other matters requiring approval by our stockholders, including amendments to
our amended and restated certificate of incorporation and approval of significant corporate transactions.

Our sponsor and our directors
and officers are deemed to be our “promoters” as such term is defined under the federal securities laws. See “Item
13. Certain Relations and Related Transactions and Director Independence” for additional information regarding our relationships
with our promoters.

Transfers of Founder Shares and Private Placement Units

The founder shares, private
placement units and any shares of our common stock issued upon conversion or exercise of the private warrants and rights included in the
private placement units are each subject to transfer restrictions pursuant to lock-up provisions in the letter agreement with us
to be entered into by our initial stockholders, directors and officers Those lock-up provisions provide that such securities are
not transferable or salable (1) in the case of the founder shares, until the earlier of: (A) one year after the completion of
our initial business combination; and (B) subsequent to our initial business combination (x) if the last reported sale price
of shares of our common stock equals or exceeds $12.00 per share (as adjusted 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, and (2) in the case of the private placement units
and the respective shares of our common stock underlying such units, until 30