CO2 Energy Transition Corp. Files Q3 2024 10-Q
Ticker: NOEMR · Form: 10-Q · Filed: Dec 27, 2024 · CIK: 1956648
Sentiment: neutral
Topics: 10-Q, quarterly-report, real-estate, construction
TL;DR
CO2 Energy Transition Corp. filed its Q3 2024 10-Q. Business as usual in Houston.
AI Summary
CO2 Energy Transition Corp. filed its quarterly report for the period ending September 30, 2024. The company, headquartered in Houston, Texas, operates within the real estate and construction sector. The filing details its financial performance and operational status for the third quarter of 2024.
Why It Matters
This filing provides investors and stakeholders with an update on CO2 Energy Transition Corp.'s financial health and operational progress during the third quarter of 2024.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or significant risks.
Key Numbers
- 001-42417 — Commission File Number (Identifies the company's registration with the SEC.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year for reporting purposes.)
Key Players & Entities
- CO2 Energy Transition Corp. (company) — Registrant
- 001-42417 (company) — Commission file number
- 1334 Brittmoore Rd, Suite 190 Houston, Texas 77043 (company) — Business address
- September 30, 2024 (date) — Quarter ended
FAQ
What is the primary business of CO2 Energy Transition Corp.?
CO2 Energy Transition Corp. is classified under Standard Industrial Classification code 6770, which relates to Blank Checks, and its organization name is listed as '05 Real Estate & Construction'.
When did the reported quarter end?
The quarterly report is for the period ended September 30, 2024.
Where is CO2 Energy Transition Corp. headquartered?
The company's principal executive offices are located at 1334 Brittmoore Rd, Suite 190, Houston, Texas 77043.
What is the company's SEC file number?
The SEC file number for CO2 Energy Transition Corp. is 001-42417.
In which state was CO2 Energy Transition Corp. incorporated?
The company was incorporated in Delaware.
Filing Stats: 4,669 words · 19 min read · ~16 pages · Grade level 18.2 · Accepted 2024-12-27 16:44:46
Key Financial Figures
- $0.0001 — were 9,585,750 shares of common stock, $0.0001 par value, issued and outstanding. CO
Filing Documents
- ea0225652-10q_co2energy.htm (10-Q) — 384KB
- ea022565201ex31-1_co2energy.htm (EX-31.1) — 12KB
- ea022565201ex31-2_co2energy.htm (EX-31.2) — 12KB
- ea022565201ex32-1_co2energy.htm (EX-32.1) — 4KB
- ea022565201ex32-2_co2energy.htm (EX-32.2) — 4KB
- 0001213900-24-113137.txt ( ) — 2607KB
- noemu-20240930.xsd (EX-101.SCH) — 28KB
- noemu-20240930_cal.xml (EX-101.CAL) — 12KB
- noemu-20240930_def.xml (EX-101.DEF) — 146KB
- noemu-20240930_lab.xml (EX-101.LAB) — 206KB
- noemu-20240930_pre.xml (EX-101.PRE) — 140KB
- ea0225652-10q_co2energy_htm.xml (XML) — 203KB
Financial Information
Part I. Financial Information 1
Interim Financial
Item 1. Interim Financial 1 Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 1 Condensed Statements of Operations For the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 2 Condensed Statements of Changes in Stockholder's Deficit For the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 3 Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Notes to Condensed Financial 5
Management's
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13
Quantitative and
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 17
Controls and Procedures
Item 4. Controls and Procedures 17
Other Information
Part II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 18
Risk Factors
Item 1A. Risk Factors 18
Unregistered Sales
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18
Defaults Upon Senior
Item 3. Defaults Upon Senior Securities 18
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 18
Other Information
Item 5. Other Information 18
Exhibits
Item 6. Exhibits 19
Signatures
Part III. Signatures 20 i
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Interim Financial Statements
Item 1. Interim Financial Statements. CO2 ENERGY TRANSITION CORP. CONDENSED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets Cash $ 2,792 $ 2,112 Total Current Assets 2,792 2,112 Deferred offering costs 252,230 247,560 TOTAL ASSETS $ 255,022 $ 249,672 LIABILITIES AND STOCKHOLDER'S DEFICIT Current liabilities Accrued expenses $ 112,243 $ 146,253 Accrued offering costs 7,379 7,384 Promissory note – related party 539,230 432,880 TOTAL LIABILITIES 658,852 586,517 STOCKHOLDER'S DEFICIT Preferred stock, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding — — Common stock, $ 0.0001 par value; 40,000,000 shares authorized; 2,300,000 shares issued and outstanding (1) 230 230 Additional paid-in capital 24,770 24,770 Accumulated deficit ( 428,830 ) ( 361,845 ) Total Stockholder's Deficit ( 403,830 ) ( 336,845 ) TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 255,022 $ 249,672 (1) Includes an aggregate of up to 300,000 shares of common stock subject to forfeiture if the over-allotment option is not exercised in full by the underwriters (Note 5). On November 22, 2024, the Company consummated its Initial Public Offering and sold 6,900,000 Units, including 900,000 Units sold pursuant to the full exercise of the underwriters' option to purchase additional units to cover the over-allotment, hence the 300,000 shares of Class B ordinary shares were no longer subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. 1 CO2 ENERGY TRANSITION CORP. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2024 2023 2024 2023 General and administrative costs $ 26,532 $ 5,290 $ 66,985 $ 135,402 Loss from operations ( 26,532 ) ( 5,290 ) ( 66,985 ) ( 135,402 ) Net loss $ ( 26,532 ) $ ( 5,290 ) $ ( 66