CO2 Energy Transition Corp. (NOEM) Form 10-Q — May 14, 2026
CO2 Energy Transition Corp. reported net income of $309,162 for the quarter ended March 31, 2026, driven primarily by $632,154 in interest earned on investments held in its trust account. This income was partially offset by $196,729 in general and administrative costs and a $126,263 provision for income taxes. The company holds $71.87 million in its trust account and has only $26,108 in cash outside the trust, reflecting its status as a pre-deal SPAC with no operating revenues.
Key figures
- Net Income
- 309162
- Cash Position
- 26108
- Trust Account Balance
- 71871061
- Working Capital Surplus
- 129819
- Deferred Underwriting Fee
- 2070000
- Provision For Income Taxes
- 126263
- Interest Earned Trust Account
- 632154
- Shares Outstanding Redeemable
- 6900000
- General And Administrative Costs
- 196729
- Working Capital Note Outstanding
- 11730
- Shares Outstanding Non Redeemable
- 2685750
Price after filing
Close on the filing date to close N calendar days later (from $10.44). Historical, not a forecast.
AI analysis
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