CO2 Energy Transition Corp. reported first-quarter 2026 results showing net income of $309162 and diluted earnings per share of $0.03, down from $406402 and $0.04, respectively, in the year-ago quarter. The company, a blank-check vehicle, did not report operating revenue for the period.
Financial Highlights
- Net income was $309,162 for 1Q 2026, down from $406,402 in 1Q 2025 ( (23.9%) ).
- Diluted EPS was $0.03 for 1Q 2026, down from $0.04 in 1Q 2025 ( (25.0%) ).
- Revenue: Not reported for the quarter (company is a blank-check entity; earns interest income only).
Business Highlights
- Business model: Operates as a special purpose acquisition company formed to complete an initial business combination and is actively seeking target companies.
- Liquidity & operations: Maintains funds in a trust account to finance a merger; has limited cash outside the trust to cover due diligence and transaction costs.
- Operational activity: No operating revenues; primary activities are target identification, due diligence and preparatory public-company functions.
- Milestone & timeline: The company must complete a business combination by May 22, 2026; the board anticipates seeking a one-month extension with the sponsor expected to fund the extension fee.
Original SEC Filing:
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