Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 29

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 Company estimated
the value of the Representative Shares to be $77,280. Kingswood has agreed not to transfer, assign or sell any such shares until the completion
of the initial Business Combination. In addition, Kingswood has agreed (i) to waive its redemption rights with respect to such shares
in connection with the completion of an initial Business Combination and (ii) to waive its rights to liquidating distributions from the
Trust Account with respect to such shares if the Company fails to complete an initial Business Combination within the Combination Period.

The Representative Shares
have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective
date of the Initial Public Offering pursuant to Rule 5110(e)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(e)(1),
these securities may not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative,
put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately
following the effective date of the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for
a period of 180 days immediately following the effective date of the Initial Public Offering except to any underwriter and selected dealer
participating in the Initial Public Offering and their bona fide officers or partners, registered persons or affiliates or as otherwise
permitted under Rule 5110(e)(2), and only if any such transferee agrees to the foregoing lock-up restrictions.

NOTE 9. FAIR VALUE MEASUREMENTS

ASC 820, “Fair
Value Measurement,” defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants. Fair value measurements are classified on a three-tier hierarchy as follows:

●Level 1
— defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

●Level 2
— defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active;
and

●Level 3
— defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own
assumptions,