Nabors Energy Transition Corp. II: debt financing — NETD shareholders approve monthly extension; 44% of public shares redeemed for $185.9M

Nabors Energy Transition Corp. II

Shareholders approved amendment allowing board to extend deadline up to July 18, 2026 without further vote.
Board elected first one-month extension to August 18, 2025; Nabors Lux deposited $250,000 into trust.
16,775,137 Class A shares redeemed at ~$11.08 per share, removing ~$185.9 million from the trust account.
Company issued $250,000 unsecured promissory note to Nabors Lux; no interest, due upon business combination or liquidation.
Pending business combination with e2Companies LLC remains; extension provides additional time to close.

item 1.01 item 2.03 item 3.02 item 5.03 item 5.07 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. II incurred loan of $250,000 with Nabors Lux 2 S.a.r.l. 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: $250,000
Counterparty: Nabors Lux 2 S.a.r.l.
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

) incorporated in the Grand Duchy of Luxembourg (“Nabors Lux”), an affiliate of Nabors Energy Transition Sponsor II LLC (the “Sponsor”), in the principal amount of $250,000 (the “Note”) in connection with the Extension (as defined below). The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Nabors Energy Transition Corp. II: Amended articles to allow board to extend business combination deadline monthly up to July 18, 2026 without further shareholder vote (effective 2025-07-17).

Change: charter amendment
Effective: 2025-07-17

Exact text from the filing

As approved by the Company’s shareholders at the Extraordinary General Meeting, the Company filed its Amended Articles with the Registrar of Companies in the Cayman Islands on July 17, 2025 in order to implement the Monthly Extension Option.

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Source: SEC EDGAR

accession 0001104659-25-068711

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