CO2 Energy Transition NOEM

CO2 Energy Transitions Corp. is a blank check company incorporated in Delaware in September 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses or entities. The company has not conducted any operations to date and does not expect to generate operating revenues until it consummates its initial business combination. Its objective is to identify and complete a business combination with a company in the energy industry, particularly within the energy transition sector. CO2 Energy Transitions Corp. completed its initial public offering in November 2024, raising gross proceeds of $69.0 million from the sale of 6.9 million units and an additional $2.65 million from the private placement of units to its sponsor. The net proceeds, along with the private placement funds, were placed in a trust account invested in U. S. government securities or money market funds, to be used solely for completing an initial business combination. The company has until May 22, 2026, to complete its initial business combination, with the possibility of extending the deadline up to six additional one-month periods, subject to sponsor funding of the trust account. As of the filing date, CO2 Energy Transitions Corp. has not selected any business combination target nor engaged in substantive discussions with any potential target. The company’s securities, including units, public shares, public warrants, and public rights, are traded on the Nasdaq Global Market under the symbols NOEM U, NOEM, NOEMW, and NOEMR, respectively.

CO2 Energy Transitions Corp. has generated no operating revenues to date and does not expect to generate operating revenues until it consummates its initial business combination. As a blank check company, the company’s current financial resources consist solely of the proceeds held in trust from its initial public offering and private placement, which are restricted for use in connection with a business combination. The company does not sell any products or services and has no customers or revenue-generating activities at this stage. All funds raised are held in trust and may only be released upon the completion of an initial business combination with an operating business. Until such time, the company incurs only minimal operating expenses related to being a public company, such as legal, accounting, and administrative costs, but these are not considered revenue-generating activities.

The company operates through the following segments:

CO2 Energy Transitions Corp. does not currently operate in any specific industry segment as it has not yet completed an initial business combination. As a blank check company seeking a target in the energy transition space, it positions itself as a potential partner for private energy companies looking to access public capital through a business combination rather than a traditional initial public offering. The company faces competition from other special purpose acquisition companies, private equity firms, and strategic investors also seeking to acquire businesses in the energy and energy transition sectors. Its competitive advantages include its status as a publicly traded entity with funds held in trust, which may provide target businesses with a more certain and cost-effective path to becoming public compared to a typical IPO. The company’s management team emphasizes its network of contacts and transaction experience as a source of proprietary acquisition opportunities.

As a blank check company with no operations to date, CO2 Energy Transitions Corp. does not serve any customers or maintain a customer base. The company has not engaged in any business activities that would involve serving clients or generating revenue from commercial operations. Any future customer base will depend entirely on the nature of the business it ultimately acquires through its initial business combination, which the company intends to pursue in the energy transition industry, including areas such as oil and gas production, renewable energy, lower-carbon fuels, and energy transition services. Until a business combination is completed, the company has no customers, commercial relationships, or revenue-generating activities.