Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 4

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 Operating Activities: 

    Net income (loss) 
    $825,293  
    $(40,453)
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Operating expenses paid on behalf of the Company 
     —  
     6,050 
  
    Interest earned on Investments held in Trust Account 
     (1,455,374) 
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     53,256  
     — 
  
    Prepaid insurance 
     (33,333) 

    Accounts payable and accrued expenses 
     (182,072) 
     (42,315)
  
    Income tax payable 
     228,558  
     — 
  
    Net cash used in operating activities 
     (563,672) 
     (76,718)

    Cash Flows from Investing Activities: 

    Cash withdrawn from Trust Account for taxes 
     79,891  
     — 
  
    Net cash provided by investing activities 
     79,891  
     — 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note - related party 
     —  
     81,600 
  
    Repayment of promissory note - related party 
     —  
     (2,000)
  
    Payment of offering costs 
     —  
     (4,675)
  
    Net cash provided by financing activities 
     —  
     74,925 

    Net Change in Cash 
     (483,781) 
     (1,793)
  
    Cash – Beginning of year 
     953,069  
     2,112 
  
    Cash – End of year 
    $469,288  
    $319 

    Non-cash investing and financing activities: 

    Deferred offering costs included in accrued offering costs 
    $—  
    $7,280 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

4

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited) 

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING