Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1142

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1142
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 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. INCOME TAXES

The Company’s net
deferred tax assets are as follows: 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Deferred tax assets 

    Net operating loss carryforward 
    $-  
    $966 
  
    Startup Costs 
     137,879  
     89,245 
  
    Total deferred tax assets 
     137,879  
     90,211 
  
    Valuation allowance 
     (137,879) 
     (90,211)
  
    Deferred tax assets, net of allowance 
    $-  
    $- 

The income tax provision for
the years ended December 31, 2024 and 2023 consists of the following:

    December 31,  
    December 31, 

    2024  
    2023 
  
    Federal 

    Current 
    $61,039  
    $— 
  
    Deferred 
     (47,668) 
     (38,717)
  
    State 

    Current 
    $—  
    $— 
  
    Deferred 
     —  
     —)
  
    Change in valuation allowance 
     47,668  
     38,717