---
title: "CO2 ENERGY TRANSITION CORP. COM USD0.0001 15/10/2028 (SUB/RIGHTS) | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286631903.md"
datetime: "2026-05-16T03:52:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286631903.md)
  - [en](https://longbridge.com/en/news/286631903.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286631903.md)
---

# CO2 ENERGY TRANSITION CORP. COM USD0.0001 15/10/2028 (SUB/RIGHTS) | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.03.

EBIT: As of FY2026 Q1, the actual value is USD -828.88 K.

CO2 ENERGY TRANSITION CORP. operates as a single reportable operating segment .

#### Operational Metrics

-   Net income for the three months ended March 31, 2026, was $309,162, a decrease from $406,402 for the same period in 2025 .
-   General and administrative costs increased to $196,729 for the three months ended March 31, 2026, compared to $170,720 for the three months ended March 31, 2025 .
-   The company reported a loss from operations of - $196,729 for the three months ended March 31, 2026, compared to - $170,720 for the prior year period .
-   Interest earned on investments held in the trust account was $632,154 for the three months ended March 31, 2026, down from $725,763 for the same period in 2025 .
-   Income before provision for income taxes stood at $435,425 for the three months ended March 31, 2026, a decrease from $552,418 in the prior year .
-   The provision for income taxes was - $126,263 for the three months ended March 31, 2026, compared to - $146,016 for the three months ended March 31, 2025 .

#### Cash Flow

-   Net cash used in operating activities for the three months ended March 31, 2026, was - $1,136,481, an increase from - $337,343 for the same period in 2025 .
-   Net cash provided by investing activities amounted to $874,988 for the three months ended March 31, 2026, primarily from cash withdrawn from the Trust Account for income and franchise taxes, significantly higher than $15,683 in the prior year period .
-   Cash paid for income taxes was $749,272 for the three months ended March 31, 2026, compared to $0 in the prior year period .

#### Balance Sheet Metrics

-   Cash was $26,108 as of March 31, 2026, a decrease from $287,601 as of December 31, 2025 .
-   Investments held in the trust account totaled $71,871,061 as of March 31, 2026, slightly down from $72,113,895 as of December 31, 2025 .
-   The company had a working capital surplus of $129,819 as of March 31, 2026 .
-   The balance for the working capital note – related party remained at $11,730 as of both March 31, 2026, and December 31, 2025 .

#### Future Outlook and Strategy

CO2 ENERGY TRANSITION CORP. is a blank check company focused on completing a Business Combination within the transitional energy sector . The company plans to finance its initial Business Combination using proceeds from its Initial Public Offering, private placement units, shares, debt, or a combination thereof . The Board of Directors anticipates extending the period for the Business Combination by one month beyond May 22, 2026, which would require an extension fee of approximately $229,700, expected to be borrowed from the Sponsor .

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