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NOEMU

CO2 Energy Transition Corp. Unit

NOEMU

CO2 Energy Transition Corp. Unit • NASDAQ
$11.16 ▲ 0.81% (+0.09)
Market Cap $106.48 M
52w High $11.68
52w Low $9.97
Dividend Yield 0%
P/E 0
Volume 5
Outstanding Shares 9.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $154.489K ▼ $434.805K ▲ 0% $0.05 ▲ $0 ▼
Q2-2025 $0 $162.313K ▼ $418.891K ▲ 0% $0.044 ▲ $567.298K ▲
Q1-2025 $0 $170.72K ▼ $406.402K ▲ 0% $0.04 ▲ $555.043K ▲
Q4-2024 $0 $179.154K ▲ $69.617K ▲ 0% $0.008 ▲ $-179.154K ▼
Q3-2024 $0 $26.532K $-26.532K 0% $-0.003 $-26.532K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $343.499K ▼ $71.922M ▲ $2.693M ▲ $69.229M ▲
Q2-2025 $469.288K ▼ $71.357M ▲ $2.562M ▲ $68.795M ▲
Q1-2025 $631.409K ▼ $70.907M ▲ $2.531M ▲ $68.376M ▲
Q4-2024 $953.069K ▲ $70.485M ▲ $2.516M ▲ $67.969M ▲
Q3-2024 $2.792K $255.022K $658.852K $-403.83K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $434.805K ▲ $-125.789K ▲ $0 ▼ $0 $-125.789K ▲ $-125.789K ▲
Q2-2025 $418.891K ▲ $-226.329K ▲ $64.208K ▲ $0 $-162.121K ▲ $-226.329K ▲
Q1-2025 $406.402K ▲ $-337.343K ▼ $15.683K ▲ $0 ▼ $-321.66K ▼ $-337.343K ▼
Q4-2024 $69.617K ▲ $-210.644K ▼ $-69M ▼ $70.161M ▲ $950.277K ▲ $-210.644K ▼
Q3-2024 $-26.532K $-18.227K $0 $20.7K $2.473K $-18.227K

Five-Year Company Overview

Income Statement

Income Statement NOEMU currently has no operating business, so its income statement is essentially empty: no revenue, no gross profit, and no meaningful operating activity. This is typical for a SPAC. Past small losses per share reflect set‑up and administrative costs rather than an underlying business trend. Until a merger target is announced and combined, the income statement tells you almost nothing about future earnings power, only that the vehicle is in a holding pattern.

Balance Sheet

Balance Sheet The balance sheet is very simple and reflects a shell company structure. Assets and equity are small in the reported data, with no debt showing, which suggests a clean capital structure. In practice, SPACs typically hold mostly cash or cash‑equivalents raised in an IPO in a trust account, with minimal other assets or obligations. There are no signs of an operating business, hard assets, or leverage at this stage; almost everything will change once a merger is executed.

Cash Flow

Cash Flow Reported cash flows are essentially flat: no operating cash flow, no investing activity, and no capital spending. This again fits a SPAC that is not running a business, only covering basic listing and search expenses. For now, the cash story is simply that funds are being preserved to identify and close a future deal, rather than being used to grow operations or invest in projects.

Competitive Edge

Competitive Edge As a SPAC, NOEMU’s competitive position is not about products or market share, but about its ability to source and negotiate an attractive merger in the carbon capture and broader CO2 transition space. The team’s background in energy and carbon management is a potential advantage in evaluating targets. However, there is intense competition among investors and other strategics for high‑quality carbon capture and energy transition assets. Until a specific target is chosen, NOEMU has no operating moat—its positioning is purely based on its mandate and sponsorship.

Innovation and R&D

Innovation and R&D NOEMU itself does not conduct research and development; it is a financial shell, not a technology company. Its stated goal is to merge with a business involved in carbon capture, storage, utilization, or low‑carbon fuels—areas that are inherently innovation‑heavy. Any real R&D capability, patents, or technological edge will belong to the future target company, not to NOEMU. The key innovation question therefore remains open: it depends entirely on which company is ultimately acquired and the quality of that company’s technology and pipeline.

Summary

NOEMU is a newly formed SPAC focused on carbon capture and CO2 transition themes, with no current operations, revenue, or cash‑generating assets. Financial statements mainly show a clean shell with minimal activity, intended to hold capital raised in its IPO until a suitable merger is found. The upside case depends on management’s ability to identify and close a strong deal in a complex, competitive, and rapidly evolving energy‑transition space. The main uncertainty is that, until a definitive target is announced, there is no visibility into the eventual business model, growth prospects, or risk profile—everything hinges on the future combination that has not yet been defined.