Company: NOEMW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042720
Chunk: 3

Company: CO2 Energy Transition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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    $(382,243) 
    $(357,243)

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

3

CO2 ENERGY TRANSITION CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    For the Three Months Ended March
    31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $406,402  
    $(20,398)
  
    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 
     (725,763) 
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (33,831) 
     — 
  
    Accounts payable and accrued expenses 
     (130,167) 
     (46,693)
  
    Income tax payable 
     146,016  
     — 
  
    Net cash used in operating activities 
     (337,343) 
     (61,041)

    Cash Flows from Investing Activities: 

    Cash withdrawn from Trust Account for taxes 
     15,683  
     — 
  
    Net cash provided by investing activities 
     15,683  
     — 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note - related party 
     —  
     63,600 
  
    Repayment of promissory note - related party 
     —  
     (2,000)
  
    Payment of offering costs 
     —  
     (1,035)
  
    Net cash provided by financing activities 
     —  
     60,565 

    Net Change in Cash 
     (321,660) 
     (476)
  
    Cash – Beginning of year 
     953,069  
     2,112 
  
    Cash – End of year 
    $631,409  
    $1,636 

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

4

CO2 ENERGY TRANSITION CORP.

NOTES