[8-K] Nabors Energy Transition Corp. II Warrant Reports Material Event

Rhea-AI Filing Summary

Key event: Nabors Energy Transition Corp. II (Nasdaq: NETD, NETDU, NETDW) has postponed its Extraordinary General Meeting from 10 July 2025 to 16 July 2025. The meeting will decide whether to amend the SPAC’s charter so the board can extend the deadline to consummate a business combination in up to twelve one-month increments, pushing the outside date from 18 July 2025 to 18 July 2026.

Redemption window extended: The deadline for Class A shareholders to redeem (or withdraw redemption requests) is now 4:00 p.m. CT on 14 July 2025—two business days before the rescheduled meeting.

Strategic context: NETD signed a Business Combination Agreement with e2Companies LLC on 11 Feb 2025. A lower-than-expected cash balance caused by redemptions could jeopardize minimum-cash conditions for that deal. The six-day delay gives management more time to solicit votes and manage redemption levels.

Investor takeaway: No financial metrics or revised deal terms were disclosed. The filing is procedural but hints at possible challenges in securing sufficient shareholder support. Investors should watch subsequent proxy materials and redemption statistics to gauge the likelihood of the e2 merger closing on time.

Positive

• Shareholders gain additional time to assess the extension proposal and make informed redemption decisions.
• Timely disclosure through an 8-K enhances transparency and aligns with SEC requirements.

Negative

• Postponement may signal inadequate shareholder support for the extension amendment, highlighting execution risk.
• Longer redemption period could increase redemptions, threatening minimum-cash conditions for the e2 merger.

Insights

Financial Analyst

TL;DR: Six-day EGM delay offers more time to curb redemptions—financial impact neutral for now.

The postponement is a common SPAC tactic when vote counts or redemption levels look unfavorable. Extending the redemption deadline benefits investors by granting extra evaluation time, but also risks higher redemptions that could cut trust cash below the transaction’s minimum-cash threshold. Because the trust balance and PIPE commitments are unchanged in this filing, valuation remains static; therefore, I view the move as neutral until updated numbers emerge.

Corporate Governance Specialist

TL;DR: Last-minute meeting delay suggests vote shortfall—governance optics mildly negative.

Postponing an EGM two days before the scheduled date usually signals the sponsor lacks the votes needed to pass the extension proposal. While legally permissible and properly disclosed, the delay prolongs uncertainty and may dent investor confidence. Extending the redemption window could further raise redemption requests, compounding execution risk for the e2 combination. Overall governance impact is modestly negative.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT 

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 8, 2025

Nabors Energy Transition Corp. II

(Exact name of registrant as specified in its charter)

Cayman Islands		001-41744		98-1729137
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

515 West Greens Road, Suite 1200
Houston, Texas 77067

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (281) 874-0035

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading  Symbol(s)		Name of each exchange on which registered
Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one warrant		NETDU		The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share		NETD		The Nasdaq Stock Market LLC
Warrants, exercisable for one Class A ordinary share at an exercise price of $11.50 per share		NETDW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

Postponement of Extraordinary General Meeting

On June 16, 2025, Nabors Energy Transition Corp. II (“NETD” or the “Company”) filed a Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) for an extraordinary general meeting of its shareholders (the “Extraordinary General Meeting”) to approve, among other things, a proposal to amend the Company’s amended and restated memorandum and articles of association to allow the Company’s board of directors in their sole discretion, without another shareholder vote, to elect to extend the date by which the Company has to consummate an initial business combination from July 18, 2025 up to twelve times for an additional one month each time to July 18, 2026 (or within 36 months from the consummation of the Company’s initial public offering). The Proxy Statement was mailed to the Company’s shareholders of record as of June 9, 2025 on or about June 16, 2025.

On July 8, 2025, the Company postponed the Extraordinary General Meeting, which was originally scheduled to be held virtually and in person on July 10, 2025, at 10:00 a.m., Central Time, and will now hold the Extraordinary General Meeting virtually and in person on July 16, 2025, at 10:00 a.m., Central Time.

Extension of Redemption Deadline

In connection with the postponement of the Extraordinary General Meeting, the Company is extending the deadline for holders of the Company’s Class A ordinary shares, par value $0.0001 per share, initially sold as part of the units in the Company’s initial public offering to exercise their right to redeem their shares for their pro rata portion of the funds available in the trust account established in connection with the Company’s initial public offering, or to withdraw any previously delivered demand for redemption, to 4:00 p.m., Central time, on July 14, 2025 (two business days before the Extraordinary General Meeting). Shareholders who wish to withdraw redemptions should contact the Company’s transfer agent, Continental Stock Transfer & Trust Company, by email at spacredemptions@continentalstock.com.

If shareholders have any questions on any matter in connection with the Extraordinary General Meeting, please call the Company’s proxy solicitor, Sodali & Co. at (800) 662-5200 (tollfree), or banks and brokers can call (203) 658-9400, or email at NETD.info@investor.sodali.com.

Important Information for Shareholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.

In connection with the transactions contemplated by the Business Combination Agreement and Plan of Reorganization, dated February 11, 2025 (the “Transactions”), NETD and e2Companies LLC, a Florida limited liability company (“e2”), will file with the SEC the Registration Statement on Form S-4 (the “Registration Statement”), which will include (i) a preliminary prospectus of NETD relating to the offer of securities to be issued in connection with the Transactions, (ii) a preliminary proxy statement of NETD to be distributed to holders of NETD’s capital shares in connection with NETD’s solicitation of proxies for vote by NETD’s shareholders with respect to the Transactions and other matters described in the Registration Statement and (iii) a consent solicitation statement of e2 to be distributed to unitholders of e2 in connection with e2’s solicitation for votes to approve the Transactions. NETD and e2 also plan to file other documents with the SEC regarding the Transactions. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/consent solicitation statement/prospectus will be mailed to the shareholders of NETD and unitholders of e2. INVESTORS AND SECURITY HOLDERS OF NETD AND E2 ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/CONSENT SOLICITATION STATEMENT/PROSPECTUS CONTAINED THEREIN (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS RELATING TO THE TRANSACTIONS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS.

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Investors and security holders will be able to obtain free copies of the proxy statement/consent solicitation statement/prospectus and other documents containing important information about NETD and e2 once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by NETD may be obtained free of charge from NETD’s website at www.nabors-etcorp.com or by written request to NETD at 515 West Greens Road, Suite 1200, Houston, TX 77067.

Participants in the Solicitation

NETD, Nabors Industries Ltd., e2 and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of NETD in connection with the Transactions. Information about the directors and executive officers of NETD is set forth in NETD’s Annual Report on Form 10-K/A for the year ended December 31, 2024, filed with the SEC on April 2, 2025. To the extent that holdings of NETD’s securities have changed since the amounts printed in NETD’s Annual Report on Form 10-K/A for the year ended December 31, 2024, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/consent solicitation statement/prospectus and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described in the preceding paragraph.

Forward-Looking Statements

The information included herein and in any oral statements made in connection herewith include “forward-looking statements”. All statements, other than statements of present or historical fact included herein, regarding the Transactions, NETD’s and e2’s ability to consummate the Transactions, the benefits of the Transactions and NETD’s and e2’s future financial performance following the Transactions, as well as NETD’s and e2’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on NETD and e2 management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, NETD and e2 disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. NETD and e2 caution you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of NETD and e2. These risks include, but are not limited to, general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability of the parties to successfully or timely consummate the Transactions or to satisfy the conditions to the closing of the Transactions, including satisfaction of the minimum proceeds condition and the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company; the risk that the approval of the shareholders of NETD for the Transactions is not obtained; the failure to realize the anticipated benefits of the Transactions, including as a result of a delay in consummating the Transactions or difficulty in, or costs associated with, integrating the businesses of NETD and e2; the amount of redemption requests made by NETD’s shareholders; the outcome of any current or future legal proceedings or regulatory investigations, including any that may be instituted against NETD or e2 following announcement of the Transactions; the occurrence of events that may give rise to a right of one or both of NETD and e2 to terminate the definitive agreements related to the Transactions; difficulties or delays in the development of e2’s business; the risks related to the rollout of e2’s business and the timing of expected business milestones; potential benefits and commercial attractiveness to its customers of e2’s products; the potential success of e2’s marketing and expansion strategies; the effects of competition on e2’s future business; the ability of e2 to convert its currently contracted revenues from new original equipment manufacturer sales and energy service agreements into actual revenue; the ability of e2 to recruit and retain key executives, employees and consultants; and the ability of e2 management to successfully manage a public company. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact NETD’s expectations can be found in NETD’s periodic filings with the SEC, including NETD’s Annual Report on Form 10-K/A filed with the SEC on April 2, 2025 and any subsequently filed Quarterly Reports on Form 10-Q. NETD’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 8, 2025

	NABORS ENERGY TRANSITION CORP. II
	By:	/s/ Anthony G. Petrello
	Name:	Anthony G. Petrello
	Title:	President, Chief Executive Officer and Secretary

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FAQ

When will Nabors Energy Transition Corp. II hold its rescheduled Extraordinary General Meeting?

The EGM is now set for 16 July 2025 at 10:00 a.m. Central Time, both virtually and in person.

What proposal are NETD shareholders voting on at the EGM?

They will vote on a charter amendment allowing up to twelve one-month deadline extensions to complete a business combination, potentially moving the deadline to 18 July 2026.

What is the new redemption deadline for NETD Class A ordinary shares?

Shareholders must submit or withdraw redemption requests by 4:00 p.m. CT on 14 July 2025.

How can investors withdraw a previously submitted redemption request?

They should email NETD’s transfer agent, Continental Stock Transfer & Trust, at spacredemptions@continentalstock.com before the new deadline.

Why did NETD postpone the Extraordinary General Meeting?

The company stated it needed additional time to solicit proxies and accommodate shareholders, but provided no further detail.

Does the postponement alter the proposed business combination with e2Companies LLC?

No deal terms changed in this filing; the delay is procedural and does not amend the Business Combination Agreement.