Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S
COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our units, public shares,
public warrants and public rights are each traded on the Nasdaq Global Market under the symbols “NOEM U, ” “ NOEM ”,
“ NOEMW ” and “ NOEMR, ” respectively. Our units commenced public trading on November 22, 2024, and
our public shares, public warrants and public rights commenced separate public trading on January 16, 2025.
Holders
As of March 13, 2026, there
were two holders of record of our public units, five holders of record of our common stock, one holder of record of our public warrants,
and one holder of record of our public rights.
The number of holders of
record does not include a substantially greater number of “street name’ holders or beneficial holders whose public units,
common stock and public warrants and public rights are held of record by banks, brokers and other financial institutions.
Dividends
We have not paid any cash
dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our
initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors
is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur
any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive
covenants we may agree to in connection therewith.
Securities Authorized for Issuance Under Equity
Compensation Plans
None.
Recent Sales of Unregistered Securities
There have been no sales
of unregistered securities during the quarter ended December 31, 2025, and from the period from January 1, 2026 to the filing date of
this Report which have not previously been disclosed in a Current Report on Form 8-K or Quarterly Report on Form 10-Q.
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
None.
ITEM 6. [RESERVED]
66
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.