Welcome to our dedicated page for Nabors Energy Transition news (Ticker: NETD), a resource for investors and traders seeking the latest updates and insights on Nabors Energy Transition stock.
Nabors Energy Transition Corp. II (NASDAQ: NETD) generates news primarily through its activities as a special purpose acquisition company focused on the energy transition. As a blank check company, NETD’s disclosures and press releases center on its search for a business combination, its thematic focus on businesses that address carbon or greenhouse gas emissions, and the regulatory and corporate actions associated with that process.
News coverage for NETD includes announcements related to its initial public offering of units on The Nasdaq Global Market, where the units trade under the symbol NETDU and the underlying Class A ordinary shares and warrants trade under NETD and NETDW. Subsequent updates have detailed extensions of the deadline to consummate an initial business combination, along with deposits by an affiliate of its sponsor into the company’s trust account to support those extensions, as described in press releases and corresponding Form 8-K filings.
Another key stream of NETD news has involved its previously announced Business Combination Agreement and Plan of Reorganization with e2Companies LLC, a Florida limited liability company. Press releases and SEC filings have discussed the proposed transaction, related registration statements on Form S-4, and the later Settlement Agreement and Release under which the business combination agreement and ancillary agreements were terminated by mutual agreement. These items provide insight into NETD’s efforts to execute its stated strategy of identifying energy transition-focused businesses.
More recent news has focused on shareholder votes and the company’s corporate timeline. NETD has reported shareholder approval of extensions to the deadline for completing an initial business combination, as well as later votes in which proposals to indefinitely extend its outside date and amend its trust agreement did not receive sufficient support. The company has announced that it will redeem all outstanding public Class A ordinary shares because it will not complete a business combination within the required period, and that it anticipates its public shares will cease trading and be cancelled in connection with this redemption.
Investors and observers following NETD’s news can review updates on its trust account redemptions, settlement arrangements with e2Companies, board decisions regarding extensions, and anticipated delisting from Nasdaq. This news flow provides a detailed record of how the SPAC has managed its capital, regulatory obligations and strategic options within the framework of its energy transition mandate.
Nabors Energy Transition Corp. II (Nasdaq: NETD) reported the results of its November 14, 2025 extraordinary general meeting where proposals to indefinitely extend its outside date and amend the trust agreement failed to receive required votes.
Shareholders holding 8,916,116 Class A shares elected to redeem for a pro rata portion of the trust account, triggering an expected removal of approximately $101,116,166 (about $11.34 per share) on or around November 19, 2025. The company will redeem all public shares effective at the close of business on December 3, 2025, with public trading expected to cease at the close on November 25, 2025. Nasdaq is expected to file a Form 25 to delist the securities. The board does not intend to liquidate and expects to maintain the company's existence pending settlement distributions.
Nabors Energy Transition Corp. II (NASDAQ: NETD) said its board extended the company’s outside date from October 18, 2025 to November 18, 2025 to allow additional time to solicit shareholders for an extraordinary general meeting. An affiliate of the sponsor, Nabors Lux 2 S.a.r.l., deposited $250,000 into NETD’s trust account as a non-interest-bearing loan (the Extension Payment) to enable the Extension.
If NETD completes an initial business combination, the loan will be repaid from the Trust Account proceeds or, at the sponsor’s option, converted into warrants at $1.00 per warrant identical to the private placement warrants from NETD’s IPO; if no combination occurs, repayment will be from funds outside the Trust Account.
Nabors Energy Transition Corp. II (Nasdaq: NETD) has announced a one-month extension of its deadline to complete its previously announced business combination with e2Companies LLC. The new deadline is extended from September 18, 2025, to October 18, 2025.
In connection with this extension, Nabors Lux, an affiliate of the company's sponsor, has deposited $250,000 into NETD's trust account through a non-interest-bearing loan. The loan can be repaid from trust proceeds upon successful business combination completion or converted into warrants at $1.00 per warrant at the sponsor's option.
Nabors Energy Transition Corp. II (Nasdaq: NETD) has announced a one-month extension of its deadline to complete its previously announced business combination with e2Companies LLC. The new deadline is extended from August 18, 2025, to September 18, 2025.
To facilitate this extension, Nabors Lux, an affiliate of the company's sponsor, has deposited $250,000 into NETD's trust account through a non-interest-bearing loan. The loan can be repaid from trust proceeds upon successful business combination completion or converted into warrants at $1.00 per warrant at the sponsor's option.
Nabors Energy Transition Corp. II (Nasdaq: NETD) has announced a one-month extension of its deadline to complete its previously announced business combination with e2Companies LLC. The new deadline is extended from July 18, 2025, to August 18, 2025.
In connection with this extension, Nabors Lux, an affiliate of the company's sponsor, has deposited $250,000 into NETD's trust account for public shareholders. This deposit was made through a non-interest-bearing loan, which can be repaid from trust proceeds or converted into warrants at $1.00 per warrant if the business combination is completed.
Nabors Energy Transition Corp. II (NASDAQ:NETD) announced that shareholders have approved an extension for completing its initial business combination. The extension allows the company's board to extend the deadline from July 18, 2025 up to twelve monthly periods through July 18, 2026.
For each monthly extension, NETD must deposit $250,000 into its trust account for public shareholders. This extension provides additional time to complete the previously announced business combination with e2Companies LLC.
Corscale Data Centers and Affinius Capital have formed a Strategic Partnership with e2Companies for exclusive use of its Virtual Utility® technology in US hyperscale data centers. The 24-month agreement targets deployment of over 300MW of e2's R3Di® systems in Corscale's data center development pipeline.
The R3Di® System is a self-contained power platform providing on-site power generation, energy storage, and distribution, designed to match volatile power demands of next-generation AI chips. The system works with Grove365®, a centralized operations hub monitoring 490 assets across 165 locations globally.
This partnership aims to address challenges in the AI data center boom, offering a solution to lengthy utility interconnection timelines that often exceed five years. The technology will be implemented across Corscale's current $25B pipeline and future projects, enabling independent power generation without requiring traditional utility upgrades.
Nabors Industries (NYSE: NBR) has issued a statement regarding the business combination agreement between Nabors Energy Transition Corp. II (NASDAQ: NETD) and e2Companies . e2 operates as an AI-based Virtual Utility®, offering comprehensive power solutions including isolated grid power, continuous power conditioning, and multi-source local power management.
The company's solutions feature behind-the-meter functionality without requiring grid connection agreements, targeting mission-critical industries like data centers, manufacturing, oil and gas, and healthcare. Key capabilities include instantaneous load shifting, AI-based cost optimization, and on-demand grid power supply.
Nabors began collaborating with e2 last year to implement integrated power solutions in drilling operations. The business combination aims to strengthen this collaboration, focusing on oilfield electrification and expanding into new markets, leveraging Nabors' global expertise, industry relationships, and technology infrastructure.
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