Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 469

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 469
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 and major customers. Operating segments are defined as components of an enterprise for which separate
financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding
how to allocate resources and assess performance.

The Company’s chief
operating decision maker (“CODM”) has been identified as Chief Financial Officer, who reviews the operating results for the
Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined
that the Company only has one operating segment.

When evaluating the Company’s
performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the
 year ended
 December 31,
 2024  
    For the
 year ended
 December 31,
 2023 
  
    General and administrative expenses 
    $246,139  
     184,365 
  
    Interest earned on the Trust Account 
    $310,897  
     — 

The key measures of segment
profit or loss reviewed by our CODM are interest earned on the Trust Account and general and administrative expenses. The CODM
reviews interest earned on the Trust Account to measure and monitor stockholders value and determine the most effective strategy of investment
with the Trust Account funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within
the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual
agreements to ensure costs are aligned with all agreements and budget.

NOTE 12. SUBSEQUENT EVENTS

The Company evaluated subsequent
events and transactions that occurred after the balance sheets date up to the date that the financial statements were issued. Based upon
this review, other than stated below, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the financial statements.

On January 14, 2025, the
Company, announced that, commencing on January 16, 2025, the holders of the Units issued in the Company’s Initial Public Offering
may elect to separately trade the Public Shares, the Public Warrants and Public Rights included in the Units. No fractional Public Rights
will be issued upon separation of the Units and only whole Public Rights will trade. The Public Shares, Public Warrants and Public Rights
that are separated will trade on the Nasdaq