Company: NOEMW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-075048
Chunk: 120

Company: CO2 Energy Transition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 120
---
 generating gross proceeds of $69,000,000. Simultaneously with the closing of
the Initial Public Offering, the Company consummated the sale of 265,000 Private Units at a price of $10.00 per Private Unit in a private
placement to the Sponsor, generating gross proceeds of $2,650,000.

Of the gross proceeds received
from the Initial Public Offering and the Private Placement, an aggregate of $69,000,000 was placed in the Trust Account. The proceeds
held in the Trust Account may be invested by the trustee only in U.S. government securities within the meaning set forth in Section 2(a)(16)
of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a
money market fund selected by the Company meeting certain conditions of Rule 2a-7 of the Investment Company Act, as determined by the
Company. The specific investments in our Trust Account may change from time to time.

We incurred a total of $3,423,710
expenses in connection with the Initial Public Offering, consisting of $517,500 of cash underwriting discount, $2,070,000 of deferred
underwriting fees, $77,280 fair value of Representative Shares, and $758,930 of other offering costs.

No payments for our expenses
were made in the offering described above directly or indirectly to (i) any of our directors, officers or their associates, (ii) any person(s)
owning 10% or more of any class of our equity securities or (iii) any of our affiliates, except in connection with the repayment of outstanding
loans. There has been no material change in the planned use of proceeds from our offering as described in our final prospectus filed with
the SEC pursuant to Rule 424(b) related to the Initial Public Offering.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

(a) Effective August 8, 2025, Mr. Mark Mathews’s services as General Counsel of the Company were terminated by the Board of Directors.

(c) Rule 10b5-1 Trading
Plans. Our directors and executive officers may from time to time enter into plans or other arrangements for the purchase or sale
of our shares that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or may represent a non-Rule