Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 0

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Condensed Interim Financial Statements.

CO2 ENERGY TRANSITION CORP.

CONDENSED BALANCE SHEETS

    September 30, 2025  
    December 31, 2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $343,499  
    $953,069 
  
    Prepaid expenses 
     145,417  
     220,947 
  
    Total Current Assets 
     488,916  
     1,174,016 

    Long-term prepaid insurance 
     8,333  
     — 
  
    Investments held in Trust Account 
     71,424,875  
     69,310,897 
  
    TOTAL ASSETS 
    $71,922,124  
    $70,484,913 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses 
    $97,810  
    $297,787 
  
    Accrued offering costs 
     75,000  
     75,000 
  
    Income tax payable 
     438,129  
     61,039 
  
    Promissory note – related party 
     11,730  
     11,730 
  
    Total Current Liabilities 
     622,669  
     445,556 
  
    Deferred underwriting fee 
     2,070,000  
     2,070,000 
  
    TOTAL LIABILITIES 
     2,692,669  
     2,515,556 

    Commitments and Contingencies (Note 6) 

    Common stock subject to possible redemption, 6,900,000 shares at redemption value of $10.27 and $10.03 per share as of September 30, 2025 and December 31, 2024, respectively 
     70,891,177  
     69,233,258 

    STOCKHOLDERS’ DEFICIT 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at September 30, 2025 and December 31, 2024 
     —  
     — 
  
    Common stock, $0