CO2 Energy Transition Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
NOEM$10.500.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $2,632 | $(184,365) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Payment of operation costs through promissory note | 11,050 | |
| Interest earned on Investments held in Trust Account | (310,897) | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (220,947) | — |
| Accounts payable and accrued expenses | 151,534 | 69,653 |
| Income tax payable | 61,039 | — |
| Net cash used in operating activities | (305,589) | (114,712) |
| Cash Flows from Investing Activities: | ||
| Investment of cash in Trust Account | (69,000,000) | — |
| Net cash used in investing activities | (69,000,000) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Units, net of underwriting discounts paid | 68,482,500 | — |
| Proceeds from sale of Private Units | 2,650,000 | — |
| Proceeds from promissory note - related party | 129,800 | 175,500 |
| Repayment of promissory note - related party | (562,000) | — |
| Distributions to Sponsor | — | (2,545) |
| Payment of offering costs | (443,754) | (56,165) |
| Net cash provided by financing activities | 70,256,546 | 116,790 |
| Net Change in Cash | 950,957 | 2,078 |
| Cash – Beginning of year | 2,112 | 34 |
| Cash – End of year | $953,069 | $2,112 |
| Non-Cash investing and financing activities: | ||
| Offering costs included in accrued offering costs | $75,000 | $7,384 |
| Deferred offering costs paid through promissory note - related party | $— | $175,500 |
| Deferred underwriting fee payable | $2,070,000 | $— |
CO2 ENERGY TRANSITION CORP**.**
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