Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1040

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1040
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MENTS

    Page
  
    Index to Financial Statements

    Report of
    Independent Registered Public Accounting Firm (PCAOB ID #100)
    F-2
  
    Balance Sheets
    F-3
  
    Statements of Operations
    F-4
  
    Statements of Stockholders’ Deficit
    F-5
  
    Statements of Cash Flows
    F-6
  
    Notes to Financial Statements
    F-7

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Stockholders and the Board of Directors of

CO2 Energy Transition Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of
CO2 Energy Transition Corp. (the “Company”) as of December 31, 2024 and 2023 and the related statements of operations, stockholders’
deficit and cash flows for the years ended December 31, 2024 and 2023 and the related notes (collectively referred to as the “financial
statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of CO2 Energy
Transition Corp. as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31,
2024 and 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the entity’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are
a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required
to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal
control over financial reporting. Accordingly, we express no