secwatch.observer — SEC 8-K summary
======================================

Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2026-08-27T11:05:40+00:00
Accession:  0001104659-26-101937
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nabors invests $35M in Quaise Energy, becomes largest shareholder at 14%
------------------------------------------------------------------------

- Issued 391,944 common shares for 5,425,515 Quaise Series B-1 preferred shares at $6.4510/share.
- Nabors becomes Quaise's largest shareholder with fully diluted ownership of 14%.
- Collar mechanism: if Nabors shares sold by Quaise trade below $33.25M, Nabors issues more shares or cash; above $36.75M, Quaise pays excess.
- Nabors PACE-B rig drilling at Quaise's Project Obsidian in Oregon; first phase targets 50 MW, later up to 1 GW.
- Exclusivity arrangement for Nabors to provide drilling services for Quaise geothermal projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926101937/0001104659-26-101937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926101937/tm2622350d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-101937

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer