Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 0

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Condensed Interim Financial Statements.

CO2 ENERGY TRANSITION CORP.

CONDENSED BALANCE SHEETS

    June 30, 2025  
    December 31, 2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $469,288  
    $953,069 
  
    Prepaid expenses 
     167,691  
     220,947 
  
    Total Current Assets 
     636,979  
     1,174,016 

    Long-term prepaid insurance 
     33,333  
     — 
  
    Investments held in Trust Account 
     70,686,381  
     69,310,897 
  
    TOTAL ASSETS 
    $71,356,693  
    $70,484,913 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses 
    $115,716  
    $297,787 
  
    Accrued offering costs 
     75,000  
     75,000 
  
    Income tax payable 
     289,597  
     61,039 
  
    Promissory note – related party 
     11,730  
     11,730 
  
    Total Current Liabilities 
     492,043  
     445,556 
  
    Deferred underwriting fee 
     2,070,000  
     2,070,000 
  
    TOTAL LIABILITIES 
     2,562,043  
     2,515,556 

    Commitments and Contingencies (Note 6) 

    Common stock subject to possible redemption, 6,900,000 shares at redemption value of $10.19 and $10.03 per share as of June 30, 2025 and December 31, 2024, respectively 
     70,332,415  
     69,233,258 

    STOCKHOLDERS’ DEFICIT 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Common stock, $0