Nabors Energy Transition Corp. II Class A Ordinary Shares
NETD
NASDAQ Global Market11.52
USD
-0.04
- -
CIK
0001854458
ISIN
KYG6363K1067
Return %
Stock
S&P500
1Y
6.57
18.21
3Y
13.61
63.29
5Y
13.61
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Anthony G. Petrello
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 515 West Greens Road Houston United States of America 77067
- IPO Date
- Sep 5, 2023
- CIK
- 0001854458
- Website
- nabors-etcorp.com
- Similar Companies
- Business
- Nabors Energy Transition Corp. II operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; it targets solutions, opportunities, companies or technologies that focus on advancing the energy transition by facilitating, improving or complementing the reduction of carbon or greenhouse gas emissions while addressing growing global energy consumption needs. Incorporated in 2023 and headquartered at 515 West Greens Road, Suite 1200 in Houston, Texas, the company completed its initial public offering of 30,500,000 units at $10.00 per unit on July 18, 2023, generating $305 million in gross proceeds before underwriting discounts; each unit comprises one Class A ordinary share (traded as NETD on Nasdaq) and one-half of a redeemable warrant (NETDW), exercisable at $11.50 per whole share. In its most significant recent development, the company entered into a definitive business combination agreement on February 11, 2025, with e2Companies LLC, a provider of integrated power solutions including virtual utility services for grid stability, instantaneous load shifting across multi-source power (diesel, gas, solar, wind, geothermal, hydrogen or nuclear), and AI-based cost optimization; upon closing, a merger subsidiary will merge with e2, NETD will domesticate from the Cayman Islands to a Delaware corporation and rename to e2Companies, Inc., with the transaction expected to deliver approximately $400 million in gross proceeds including cash from NETD's trust and a concurrent private placement. Complementing this, Nabors Energy Transition Corp. II maintains affiliations with Nabors Industries Ltd. (NYSE: NBR), which provided operational support and recently collaborated strategically with e2 to integrate power solutions into oilfield drilling operations domestically and internationally; additional extensions include a $0.25 million non-interest-bearing loan from affiliate Nabors Lux 2 S.a.r.l. in October 2025 to extend the business combination deadline, repayable from trust proceeds or convertible to warrants upon consummation. The company serves the financials sector within the shell companies industry, concentrating on energy transition targets across global markets without current independent operations, subsidiaries or significant geographic diversification beyond its U.S. base.
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Nabors Energy Transition Corp. II Announces Results of Extraordinary General Meeting and Redemption of Public Shares
Nabors Energy Transition Corp. II Announces Extension of Its Outside Date
Nabors Energy Transition Corp. II Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. II Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. II Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. II Announces Shareholder Approval of Extension of Deadline to Complete Initial Business Combination