Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 35

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Business Combination, you will be unable to ascertain the merits or risks of any particular target business’s operations;

    ●
    we may seek acquisition opportunities in companies that may be outside of our management’s areas of expertise;

    ●
    if we effect our initial Business Combination with a company with operations or opportunities outside of the United States, we would be subject to a variety of additional risks that may negatively impact our operations; and

    ●
    changes in laws or regulations, or a failure to comply with any laws and regulations, tax consequences to Business Combinations may adversely affect our business, investments and results of operations.

For information identifying
important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please
refer to the Risk Factors section of the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission
on March 31, 2025. The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov.
Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.

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.

24

Liquidity, Capital Resources and Going Concern

As of September 30, 2025,
the Company had $343,499 in cash and working capital deficit of $133,753.

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 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