Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 4

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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20,055) 
     (20,055)
  
    Balance – June 30, 2024 (unaudited) 
     2,300,000  
     230  
     24,770  
     (402,298) 
     (377,298)
  
    Net loss 
     —  
     —  
     —  
     (26,532) 
     (26,532)
  
    Balance – September 30, 2024 (unaudited) 
     2,300,000  
    $230  
    $24,770  
    $(428,830) 
    $(403,830)

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

CO2 ENERGY TRANSITION CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    For the Nine Months Ended September 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $1,260,098  
    $(66,985)
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Operating expenses paid on behalf of the Company 
     —  
     6,050 
  
    Interest earned on Investments held in Trust Account 
     (2,193,869) 
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     75,530  
     — 
  
    Prepaid insurance 
     (8,333) 

    Accounts payable and accrued expenses 
     (199,977) 
     (34,010)
  
    Income tax payable 
     377,090  
     — 
  
    Net cash used in operating activities 
     (689,461) 
     (94,945)

    Cash Flows from Investing Activities: 

    Cash withdrawn from Trust Account for taxes 
     79,891  
     — 
  
    Net cash provided by investing activities 
     79,891  
     — 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note - related party 
     —  
     102,300 
  
    Rep