CO2 Energy Transition Corp.

CO2 Energy Transition Corp. reported a net income of $327,572 for the three months ended June 30, 2026, a decrease from $418,891 in the same period last year. The company extended its business combination period to June 22, 2027, but experienced significant redemptions totaling $62.05 million from public stockholders. Management also expressed substantial doubt about the company's ability to continue as a going concern.

CO2 Energy Transition Corp. announced significant leadership changes. Brady Rodgers resigned from his roles as President, CEO, and director, effective July 27, 2026, with no reported disagreements. Charles Fox, the current Chairman, was subsequently appointed as the new President and CEO, effective July 29, 2026, while retaining his Chairman position. Additionally, Andrew Martin was appointed to the Board of Directors, also effective July 29, 2026.

CO2 Energy Transition Corp. announced that its shareholders approved all proposals at the Annual Meeting, including an amendment to extend the deadline for completing its initial business combination. This extension will allow the company to negotiate and enter into definitive agreements for a proposed business combination with a critical mineral target company, which was previously announced on July 17, 2026. The company also stated it would be accepting redemption reversal requests until noon ET on July 22, 2026.

CO2 Energy Transition Corp. announced it has signed a non-binding Letter of Intent for an initial business combination with a Texas-based operating oil and gas company. The target company plans to recover lithium and strontium from subsurface brines, leveraging its existing natural gas assets and oilfield infrastructure. This initiative aims to advance domestic critical mineral production, particularly for defense applications, with definitive agreements expected by September 16, 2026.

CO2 Energy Transition Corp. announced that its sponsor deposited an additional $229,700 into the trust account, extending the period to complete an initial business combination by one month. The new deadline for the business combination is July 22, 2026. This extension was facilitated by a $229,700 non-interest bearing convertible promissory note issued to the sponsor, convertible into units at $10.00 per unit.

CO2 Energy Transition Corp. announced its Annual Meeting on July 21, 2026, where stockholders will vote on critical proposals, including amending the company's charter and trust agreement to extend the deadline for consummating a business combination until June 22, 2027. This extension, if approved, would allow for up to eleven additional one-month periods, each requiring a deposit into the Trust Account. Without approval, the company faces liquidation by July 22, 2026. The Board recommends voting 'FOR' all proposals, which also include the election of five directors and the ratification of auditors.

CO2 Energy Transition Corp.'s sponsor, CO2 Energy Transition, LLC, deposited $229,700 into the company's trust account to extend the deadline for its initial Business Combination by one month, moving it to June 22, 2026. In connection with this extension, the company issued a convertible promissory note for $229,700 to the sponsor. The note does not accrue interest and is convertible into units at $10.00 per unit, with each unit comprising one common stock, one warrant, and one right.

CO2 Energy Transition Corp. reported a net income of $309,162 for the three months ended March 31, 2026, a decrease from $406,402 in the prior year. The company, a Special Purpose Acquisition Company (SPAC), has not commenced operations and generates income primarily from investments in its Trust Account. Management has identified a potential liquidity shortfall and mandatory liquidation if a business combination is not completed by May 22, 2026, raising substantial doubt about its ability to continue as a going concern.