It's like a publicly traded venture capital fund with a singular mission: to find and acquire a promising private company in the carbon capture industry and bring it to the stock market.

• Business Combination Facilitation: CO2 Energy Transition Corp. is a blank check company whose primary purpose is to identify, evaluate, and complete a merger, acquisition, or similar business combination with one or more private operating businesses, particularly within the carbon capture, utilization, and storage industry.

As a blank check company (SPAC), CO2 Energy Transition (NOEM) has not yet completed a business combination. According to its description, it has generated no operating revenues to date and does not expect to generate operating revenues unless and until it consummates its initial business combination. Therefore, CO2 Energy Transition (NOEM) currently has no major customers.

Brady Rodgers – President & Chief Executive Officer

Brady Rodgers is the President and Chief Executive Officer of CO2 Energy Transition Corp.. He also leads Carbon Capture Development Co., a Los Angeles-based direct air capture (DAC) technology developer, and Antelope Energy Partners LLC, a Houston-based oil and gas services provider. Furthermore, he is the CEO of Native State CCS, a CCS development company focused on on-site geological storage. His prior experience includes serving as Chief Executive Officer at Focus Advisors LLC and as VP-Engineering & Business Development and IR Contact at GulfSlope Energy, Inc.. Mr. Rodgers holds an undergraduate degree from the University of Kansas and a graduate degree in Global Energy Management from The University of Colorado.

Harold R. DeMoss, III CPA – Chief Financial Officer

Harold R. DeMoss, III CPA serves as the Chief Financial Officer for CO2 Energy Transition Corp.. Previously, he held the position of CEO for the Compact for America Educational Foundation, Inc.. He has also been involved with UMAT RESOURCES, LLC as part of his other business activities.

Mike Lessard – Vice President of Business Development

The key risks for CO2 Energy Transition (NOEM), a blank check company, primarily stem from its operational structure and current stage of development:

1. Failure to complete an initial business combination: As a special purpose acquisition company (SPAC), CO2 Energy Transition's core business is to identify and complete a merger or similar business combination. The company has no operating history or revenues and does not expect to generate any until it consummates an initial business combination. Incorporated on September 30, 2021, and having closed its IPO on November 22, 2024, the company is required to complete a business combination by May 22, 2026, with a possible extension up to November 22, 2026. As of March 16, 2026, CO2 Energy Transition had not selected or initiated discussions with any specific acquisition target, making the risk of not completing a deal highly significant. If a business combination is not completed within the prescribed timeframe, the company will be forced to liquidate.
2. Loss of investment for warrants and rights holders upon liquidation: In the event that CO2 Energy Transition fails to complete a business combination within its required timeframe and is forced to liquidate, public stockholders are entitled to redeem their shares for their pro rata portion of the trust account (approximately $10.00 per share, less taxes and dissolution expenses). However, any outstanding warrants and rights will expire worthless, representing a total loss for investors holding these instruments.
3. Intense competition for suitable acquisition targets: While the company intends to pursue a business combination in the carbon capture, utilization, and storage industry with targets valued at $150-250 million in enterprise value, the market for attractive acquisition candidates can be highly competitive. This competition could make it challenging for CO2 Energy Transition to identify and secure a desirable business combination that meets its criteria within the remaining time, further exacerbating the risk of liquidation.

The expected drivers of future revenue growth for CO2 Energy Transition (NOEM) over the next 2-3 years are primarily tied to its strategy as a blank check company focused on the carbon capture, utilization, and storage (CCUS) industry:

1. Successful Consummation of an Initial Business Combination: As a special purpose acquisition company (SPAC), CO2 Energy Transition Corp. currently generates no operating revenues and will only do so upon the completion of its initial business combination. The successful identification and acquisition of a suitable target company within the CCUS sector will be the foundational driver for establishing any revenue stream for NOEM.
2. Organic Growth of the Acquired Carbon Capture, Utilization, and Storage (CCUS) Business: Following an acquisition, the acquired entity's ability to expand its core operations will drive NOEM's revenue growth. This includes increasing the number and scale of CCUS projects, enhancing service delivery, and improving the utilization of its carbon capture and storage infrastructure.
3. Strategic Expansion and New Market Penetration by the Acquired Entity: The acquired business's strategic initiatives to enter new segments within the CCUS value chain (e.g., developing new capture technologies, expanding into transportation or storage infrastructure, or offering novel utilization pathways) or to expand its geographical footprint will contribute significantly to revenue growth.
4. Technological Advancements and New Service Offerings within the Acquired Business: Innovation by the acquired company, such as the development and commercialization of more efficient or cost-effective carbon capture technologies, or the introduction of new services related to carbon management, utilization, and storage, will open new revenue streams and enhance competitive positioning.
5. Favorable Policy and Regulatory Landscape for Carbon Management: A supportive external environment, characterized by government incentives, subsidies, increasing carbon pricing mechanisms, and robust regulatory frameworks for CCUS projects globally, is expected to accelerate the adoption and deployment of carbon management solutions, thereby boosting demand for the services offered by the acquired business.

Share Issuance

• CO2 Energy Transition raised $69 million through its initial public offering (IPO) in November 2024 by selling 6.9 million units at $10 per unit, including the full exercise of the over-allotment option.
• The company simultaneously sold 265,000 private placement units to its sponsor, CO2 Energy Transition, LLC, for $2.65 million.
• As of March 13, 2026, CO2 Energy Transition had 9,585,750 shares of common stock outstanding.

Inbound Investments

• The IPO in November 2024 generated $69 million in gross proceeds, which were placed into a U.S. Treasury-backed trust account.
• The sale of private placement units to the sponsor contributed $2.65 million.
• In April 2025, the company entered into a convertible promissory note with its sponsor for up to $1.5 million in drawdowns, intended for working capital.

Capital Expenditures

• As a blank check company with no operating history or revenues, CO2 Energy Transition has not generated any operating revenues to date.
• The company's primary activities consist of target search, due diligence, travel, and transaction structuring, funded from non-trust cash resources.
• CO2 Energy Transition reported a loss from operations of $(646,306) for 2025 and $(246,139) for 2024, reflecting its status as a non-operating entity prior to a business combination.