Company: NOEMW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042720
Chunk: 1

Company: CO2 Energy Transition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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2,685,750 and 2,685,750 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively (excluding 6,900,000 shares subject to possible redemption) 
     269  
     269 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (1,469,071) 
     (1,264,170)
  
    Total Stockholders’ Deficit 
     (1,468,802) 
     (1,263,901)
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 
    $70,907,164  
    $70,484,913 

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

1

CO2 ENERGY TRANSITION CORP.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

    For the three months ended March 31, 2025  
    For the three months ended March 31, 2024 
  
    General and administrative costs 
    $170,720  
    $20,398 
  
    Loss from operations 
     (170,720) 
     (20,398)

    Other income (expense): 

    Interest expense 
     (2,625) 
     — 
  
    Interest earned on investments held in Trust Account 
     725,763  
     — 
  
    Total other income 
     723,138  
     — 

    Income (loss) before provision for income taxes 
     552,418  
     (20,398)
  
    Provision for income taxes 
     (146,016) 
     — 
  
    Net income (loss) 
    $406,402  
    $(20,398)

    Basic weighted average shares outstanding, common stock subject to possible redemption 
     6,900,000  
    $— 
  
    Basic and diluted net income per share, common stock subject to
    possible redemption 
    $0.04  
    $— 
  
    Basic weighted average shares outstanding, non-redeemable common stock 
     2,685,750  
     2,000,000 
  
    Basic and diluted net income (loss) per share, non-redeemable