Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 69

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 September 30, 2025 and 2024.
Accretion associated with the redeemable Class A common stock is excluded from earnings per share as the redemption value approximates
fair value.

12

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

The following table reflects
the calculation of basic and diluted net income (loss) per common stock share:

    For the Three Months Ended September 30, 

    2025  
    2024 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic net income (loss) per common stock share 

    Numerator: 

    Allocation of net income (loss) 
    $312,981  
    $121,824  
    $   —  
    $(26,532)
  
    Denominator: 

    Basic weighted average common stock outstanding 
     6,900,000  
     2,685,750  
     —  
     2,000,000 
  
    Basic and diluted net income (loss) per common stock share 
    $0.05  
    $0.05  
    $—  
    $(0.01)

    For the Nine Months Ended September 30, 

    2025  
    2024 

    Redeemable  
    Non-redeemable  
    Redeemable  
    Non-redeemable 
  
    Basic net income (loss) per common stock share 

    Numerator: 

    Allocation of net income (loss) 
    $907,042  
    $353,056  
    $     —  
    $(66,985)
  
    Denominator: 

    Basic weighted average common stock outstanding 
     6,900,000  
     2,685,750  
     —  
     2,000,000 
  
    Basic and diluted net income (loss) per common stock share 
    $0.13  
    $0.13  
    $—  
    $(0.03)

Derivative Financial Instruments

The Company accounts for
derivative financial instruments in accordance with ASC