Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 198

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 198
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March 28, 2025

PCAOB ID Number 100

F-2

CO2 ENERGY TRANSITION CORP.

BALANCE SHEETS

    December 31, 2024  
    December 31, 2023 

    ASSETS 

    Current assets 

    Cash 
    $953,069  
    $2,112 
  
    Prepaid expenses 
     220,947  
     — 
  
    Total Current Assets 
     1,174,016  
     2,112 

    Deferred offering costs 
     —  
     247,560 
  
    Investments held in Trust Account 
     69,310,897  
     — 
  
    TOTAL ASSETS 
    $70,484,913  
    $249,672 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses 
    $297,787  
    $146,253 
  
    Accrued offering costs 
     75,000  
     7,384 
  
    Income tax payable 
     61,039  
     — 
  
    Promissory note – related party 
     11,730  
     432,880 
  
    Total Current Liabilities 
     445,556  
     586,517 
  
    Deferred underwriting fee 
     2,070,000  
     — 
  
    TOTAL LIABILITIES 
     2,515,556  
     586,517 

    Commitment and Contingencies (Note 6) 

    Common stock subject to possible redemption, 6,900,000 shares at redemption value of $10.03 per share 
     69,233,258  
     — 

    STOCKHOLDERS’ DEFICIT 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2024 and 2023 
     —  
     — 
  
    Common stock, $0.0001 par value; 40,000,000 shares authorized; 2,685,750 and 2,300,000 shares issued and outstanding at December 31, 2024 and 2023, respectively