Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 189

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 189
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 a consequence, actual results may differ materially from those in the forward-looking statements. See “Item
1A. Risk Factors” of this report for the discussion of risk factors.

Summary of The Information Contained in
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Our Management’s Discussion
and Analysis of Financial Condition and Results of Operations (MD&A) is provided in addition to the accompanying financial statements
and notes to assist readers in understanding our results of operations, financial condition, and cash flows. MD&A is organized as
follows:

    ●
    Company Overview. Discussion of our business and overall analysis of financial
    and other highlights affecting us, to provide context for the remainder of MD&A.

    ●
    Liquidity and Capital Resources. An analysis of changes in our balance sheets and cash flows
    and discussion of our financial condition.

    ●
    Results of Operations. An analysis of our financial results for the years ended December 31,
    2024 and 2023.

    ●
    Critical Accounting Estimates. A
Summary of critical accounting estimates.

Company Overview

We are a blank check company
incorporated in the state of Delaware on September 30, 2021 formed for the purpose of effecting a merger, amalgamation, share exchange,
asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. We intend to effectuate
our initial business combination using cash derived from the proceeds of the Initial Public Offering and the sale of the private placement
units, our shares, debt or a combination of cash, shares and debt.

62

Liquidity and Capital Resources 

As of December 31, 2024,
the Company had $953,069 in cash and working capital of $728,460.

Until the consummation of
the Initial Public Offering, our only source of liquidity was an initial purchase of shares of common stock, par value $0.0001 per share,
by the sponsor and loans from the sponsor.

On November 22, 2024, we
consummated the Initial Public Offering of 6,900,000 units, which includes the full exercise by the underwriters of their over-allotment
option in the amount of 900,000 units, at $10.00 per unit, generating gross proceeds of $69,000,000. Simultaneously with the closing
of the Initial Public Offering, we consummated the sale of 265,000 private placement