Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 30

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 enterprise for which separate
financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”),
or group, in deciding how to allocate resources and assess performance.

20

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited) 

The Company’s 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 reportable operating
segment.

The CODM assesses performance for the single segment and decides how
to allocate resources based on net income or loss that also is reported on the condensed statements of operations as net income or loss.
The measure of segment assets is reported on the condensed balance sheets as total assets. 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 three months
 ended
 June 30,
 2025  
    For the three months
 ended
 June 30,
 2024  
    For the
 six months
 ended
 June 30,
 2025  
    For the
 six months
 ended
 June 30,
 2024 
  
    General and administrative expenses 
    $162,313  
    $20,055  
    $333,033  
    $40,453 
  
    Interest earned on the Trust Account 
    $729,611  
     —  
    $1,455,374  
    $— 

    June 30, 2025  
    December 31, 2024 
  
    Cash 
    $469,288  
    $953,069 
  
    Investments held in Trust Account 
    $70,686,381  
    $69,310,897 

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