N
CO2 Energy Transition Corp.
NOEMUCIK 0001956648NasdaqEmerging GrowthBlank ChecksFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.65M
Total Assets
$72.50M
Equity
$-1.79M
Shares Out
9.59M
Op. Cash Flow
$-745.4K
Business
CO2 Energy Transition Corp. is a blank check company formed to identify and complete an initial business combination in the energy industry, with an emphasis on energy transition opportunities. It offers units, public and private warrants and rights through an IPO and maintains a trust account to fund a business combination, while sourcing targets and conducting due diligence. Its pre-combination activities center on fundraising, target evaluation and transaction structuring. The company markets and lists its securities in U.S. public markets and sources target opportunities globally through its management’s network.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| General and administrative costs | 646,306 | 246,139 | 184,365 | |
| Loss from operations | −646,306 | −246,139 | −184,365 | |
| Interest expense | −4,951 | −1,087 | — | |
| Interest earned on investments held in Trust Account | 3 | 310,897 | — | |
| Total other income, net | 3 | 309,810 | — | |
| Income before provision for income taxes | 2 | 63,671 | −184,365 | |
| Provision for income taxes | −579,272 | −61,039 | — | |
| Net income | 2 | 2,632 | −184,365 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 287,601 | 953,069 | 2,112 | — | |
| Prepaid expenses | 95,333 | 220,947 | — | — | |
| Total Current Assets | 382,934 | 1 | 2,112 | — | |
| Investments held in Trust Account | 72 | 69 | — | — | |
| TOTAL ASSETS | 72 | 70 | 249,672 | — | |
| Accounts payable and accrued expenses | 142,278 | 297,787 | 146,253 | — | |
| Accrued offering costs | 75,000 | 75,000 | — | — | |
| Income tax payable | 576,103 | 61,039 | — | — | |
| Working Capital Note related party | — | — | — | — | |
| Total Current Liabilities | 805,111 | 445,556 | 586,517 | — | |
| Deferred underwriting fee | 2 | 2 | — | — | |
| TOTAL LIABILITIES | 3 | 3 | 586,517 | — | |
| Common stock subject to possible redemption, 6,900,000 shares issued and outstanding at redemption value of $10.35 and $10.03 per share as of December 31, 2025 and 2024, respectively | 71 | 69 | — | — | |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2025 and 2024 | — | — | — | — | |
| Common stock, $0.0001 par value; 40,000,000 shares authorized; 2,685,750 shares issued and outstanding at December 31, 2025 and 2024, respectively (excluding 6,900,000 shares subject to possible redemption) | 269 | 269 | 230 | — | |
| Additional paid-in capital | — | — | 24,770 | — | |
| Accumulated deficit | −2 | −1 | −361,845 | — | |
| Total Stockholders Deficit | −2 | −1 | −336,845 | −149,935 | |
| TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS DEFICIT | 72 | 70 | 249,672 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Operating expenses paid on behalf of the Company | — | 11,050 | — | |
| Prepaid expenses | 125,614 | −220,947 | — | |
| Accounts payable and accrued expenses | −155,508 | 151,534 | 69,653 | |
| Income tax payable | 515,064 | 61,039 | — | |
| Net cash used in operating activities | −745,359 | −305,589 | −114,712 | |
| Investment of cash in Trust Account | — | −69 | — | |
| Cash withdrawn from Trust Account for income and franchise taxes | 79,891 | — | — | |
| Net cash provided by (used in) investing activities | 79,891 | −69 | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 68 | — | |
| Proceeds from sale of Private Units | — | 3 | — | |
| Proceeds from promissory note - related party | — | 129,800 | 175,500 | |
| Repayment of promissory note - related party | — | −562,000 | — | |
| Payment of offering costs | — | −443,754 | −56,165 | |
| Net cash provided by financing activities | — | 70 | 116,790 | |
| Net Change in Cash | −665,468 | 950,957 | 2,078 | |
| Deferred offering costs included in accrued offering costs | — | 3,635 | — | |
| Amounts reclassified to promissory note | 11,730 | — | — | |
| Cash paid for income taxes | 64,208 | — | — |
Filings
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