CO2 Energy Transition reported no revenue for the year and recorded basic and diluted net income per share of $0.17 for 2025, driven primarily by interest income on funds held in its trust account. The company posted a net income of $1,652,360 for 2025 despite a loss from operations, reflecting the blank‑check structure and trust income mechanics. Operating cash and activities remain focused on identifying and executing a qualifying business combination within the prescribed timeframe.
Financial Highlights
- Revenue: $0 — the company has not generated any revenues to date.
- Gross Profit: $0 — no operating activities or sales reported.
- Operating Income: Loss from operations of $(646,306) for 2025 (loss of $(246,139) for 2024).
- Net Income: $1,652,360 for 2025 ($2,632 for 2024), driven by interest earned on the trust account.
- Net Income Per Share (Basic & Diluted, non-redeemable common stock): $0.17 for 2025 ($0.00 for 2024).
Business Highlights
- Business Focus: Formed as a blank‑check (SPAC) vehicle to identify and complete an initial business combination and acquire operating target(s).
- Operational Activity: Primary activities consist of target search, due diligence, travel, and transaction structuring funded from non‑trust cash resources.
- Trust Funding & Use: Substantially all capital is held in a trust to fund a future business combination; interest on the trust may be used for taxes and ongoing operations.
- Liquidity Timeline Risk: Continued operations and the ability to complete a business combination depend on meeting the stated deadline for combination; failure to complete a combination will trigger wind‑down and liquidation preparations.
Original SEC Filing:
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