Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 81

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 sale, derivative,
put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately
following the effective date of the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for
a period of 180 days immediately following the effective date of the Initial Public Offering except to any underwriter and selected dealer
participating in the Initial Public Offering and their bona fide officers or partners, registered persons or affiliates or as otherwise
permitted under Rule 5110(e)(2), and only if any such transferee agrees to the foregoing lock-up restrictions.

NOTE 9. FAIR VALUE MEASUREMENTS

ASC 820, “Fair
Value Measurement,” defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants. Fair value measurements are classified on a three-tier hierarchy as follows:

●Level 1
— defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

●Level 2
— defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active;
and

●Level 3
— defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own
assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers
are unobservable.

The following table presents
information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2025 and December 31,
2024, indicating the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level  
    September 30, 2025  
    December 31, 2024 
  
    Assets: 

    Investments held in Trust Account 
     1  
    $71,424,875  
    $69,310,897 

As of September 30, 2025
and December 31, 2024, the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. government
securities. 

NOTE 10. SEGMENT INFORMATION

ASC Topic 280,