Nabors Energy Transition Corp.: debt financing — Nabors Energy Transition Corp extends deadline to Nov 18, 2023; deposits $295,519 into trust

Nabors Energy Transition Corp.

Extension from Oct 18, 2023 to Nov 18, 2023 to complete business combination with Vast Solar.
Nabors Lux (affiliate of sponsor) deposited $295,519.23 into trust account for the extension.
Loan is unsecured, non-interest-bearing, due upon business combination or liquidation.
If business combination occurs, loan repaid from trust proceeds or convertible to warrants at $1.00 per warrant.
If no combination, loan repaid only from funds outside the trust account.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nabors Energy Transition Corp. incurred loan of $295,519.23 with Nabors Lux 2 S.a.r.l. at no interest maturing upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before.

Instrument: loan
Principal: $295,519.23
Counterparty: Nabors Lux 2 S.a.r.l.
Rate: no interest
Maturity: upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the liquidation of the Company on or before
Event: incurrence

Exact text from the filing

Lux 2 S.a.r.l., a private limited liability company (société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), in the principal amount of $295,519.23 in connection with the Extension (as defined below). Nabors Lux is an affiliate of Nabors Energy Transition Sponsor LLC (the “Sponsor”). The Note bears no interest and is due and

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nabors Energy Transition Corp. entered into Note with Nabors Lux 2 S.a.r.l. valued at $295,519.23 (effective 2023-10-13).

Action: entry
Agreement: notes offering
Counterparty: Nabors Lux 2 S.a.r.l.
Value: $295,519.23
Effective: 2023-10-13

Exact text from the filing

On October 13, 2023, the Company issued an unsecured promissory note (the “Note”) to Nabors Lux 2 S.a.r.l., a private limited liability company (société à responsabilité limitée) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), in the principal amount of $295,519.23

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Source: SEC EDGAR

accession 0001104659-23-109185

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