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Nabors Energy Transition Corp. (NYSE: NETC.U) has announced that starting January 7, 2022, holders of its IPO units can separately trade the Class A common stock and warrants included in those units. The stocks will be traded under the symbols 'NETC' for Class A common stock and 'NETC.WS' for warrants. This decision enables investors more flexibility in managing their holdings. The SEC had previously declared the company’s registration statement effective on November 16, 2021.
Nabors focuses on merging opportunities related to energy transition, targeting reductions in carbon emissions globally.
Nabors Industries Ltd. (NYSE: NBR) announced the filing of a Registration Statement on Form S-1 by Nabors Energy Transition Corp. (NETC), its newly formed SPAC, for a proposed IPO aiming to raise $250 million. NETC plans to list on the NYSE under the symbol NETC.U and will consist of shares and warrants. The strategic goal is to identify business opportunities in the energy transition sector by leveraging Nabors' extensive experience and technology. Citigroup and Wells Fargo Securities are the joint book-running managers for the offering.