Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 164

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 164
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 the
Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought
to enforce any duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction.
Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any
duty or liability created by the Securities Act or the rules and regulations thereunder. As noted above, our amended and restated certificate
of incorporation provides that the Court of Chancery and the federal district court for the District of Delaware shall have concurrent
jurisdiction over any action arising under the Securities Act. Accordingly, there is uncertainty as to whether a court would enforce such
provision, and our stockholders will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations
thereunder.

Although we believe this provision
benefits us by providing increased consistency in the application of Delaware law in the types of lawsuits to which it applies, the provision
may have the effect of discouraging lawsuits against our directors and officers.

49

We may not hold an annual stockholder meeting
until after the consummation of our initial business combination. Our public stockholders will not have the right to elect or remove directors
prior to the consummation of our initial business combination.

We may not hold an annual meeting
of stockholders until after we consummate our initial business combination (unless required by Nasdaq) and thus may not be in compliance
with Section 211(b) of the DGCL, which requires an annual meeting of stockholders be held for the purposes of electing directors
in accordance with a company’s bylaws unless such election is made by written consent in lieu of such a meeting. Therefore, if our
stockholders want us to hold an annual meeting prior to the consummation of our initial business combination, they may attempt to force
us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c) of the DGCL.

We are an emerging growth company and a
smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements
available to emerging growth companies or smaller reporting companies, this could make our securities less attractive to investors and
may make it more difficult to compare our performance with other public companies.

We are an “emerging
growth company” within the meaning of