Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 88

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 account of $2,193,869, and changes in operating assets and liabilities provided $244,309 of cash.

For the nine months ended
September 30, 2024, cash used in operating activities was $94,945. Net loss of $66,985 was impacted by operating expenses paid on behalf
of the Company of $6,050, and changes in operating assets and liabilities used $34,010 of cash.

For the nine months ended
September 30, 2025, cash provided by investing activities was $79,891, representing cash interest withdrawn from the Trust Account to
pay taxes.

For the nine months ended
September 30, 2024, no cash was used in investing activities.

For the nine months ended
September 30, 2025, no cash was used in financing activities.

For the nine months ended
September 30, 2024, cash provided by financing activities was $95,625, consisting of proceeds from our promissory note with our sponsor
of $102,300, repayment of promissory note-related party of $2,000, and payments of offering costs of $4,675.

As of September 30, 2025,
we had investments of $71,424,875 held in the trust account. Through September 30, 2025 and December 31, 2024, we have not withdrawn any
principal from the trust account, nor any interest earned, except to pay taxes.

We intend to use substantially
all of the funds held in the trust account, including any amounts representing interest earned on the trust account (less income taxes
payable), to complete our initial business combination. To the extent that our share capital or debt is used, in whole or in part, as
consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital
to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.  

25

As of September 30, 2025,
we had cash of $343,499. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses,
perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective
target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses,
and structure, negotiate and complete a business combination.

In order to finance transaction
costs