Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 188

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 188
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, the
Company consummated the Initial Public Offering of 6,900,000 units, which included 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, the Company consummated the sale of 265,000 private placement units at a price of $10.00 per private
placement unit in a private placement to the sponsor, generating gross proceeds of $2,650,000.

61

Of the gross proceeds received
from the Initial Public Offering and the private placement, an aggregate of $69,000,000 was placed in the trust account. The proceeds
held in the trust account may be invested by the trustee only in U.S. government securities within the meaning set forth in Section 2(a)(16)
of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a
money market fund selected by the Company meeting certain conditions of Rule 2a-7 of the Investment Company Act, as determined by the
Company. The specific investments in our trust account may change from time to time.

We incurred a total of $3,423,710,
consisting of $517,500 of cash underwriting discount, $2,070,000 of deferred underwriting fees, $77,280 fair value of Representative
Shares, and $758,930 of other offering costs.

There has been no material
change in the planned use of proceeds from our Initial Public Offering and the private placement as described in our final prospectus
filed with the SEC pursuant to Rule 424(b) related to the Initial Public Offering.

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following discussion
of the Company’s historical performance and financial condition should be read together with the financial statements and related
notes in “Item 8. Financial Statements and Supplemental Data” of this Report. This discussion contains forward-looking statements
based on the views and beliefs of our management, as well as assumptions and estimates made by our management, see “Cautionary Statement
Regarding Forward-Looking Information”. These statements by their nature are subject to risks and uncertainties, and are influenced
by various factors. As