#United States #Houston #Trust Account #Nabors Energy #NETD

Nabors Energy Transition Corp. II Announces Results of Extraordinary General Meeting

Nabors Energy Transition Corp. II (“NETD” or the “Company”), listed on Nasdaq under the symbol NETD, has recently shared the outcomes from its extraordinary general meeting held on November 14, 2025. During this meeting, the shareholders were presented with two significant proposals: the first aimed at extending the timeline for business operations indefinitely, while the second focused on amending the trust agreement to permit deposits of future interest into the operational account.

However, the proposals did not garner enough votes for approval, leaving the existing memorandum and articles of association unchanged. This decision means that there will not be alterations to the Company’s foundational agreements as it moves forward. Despite this development, shareholders holding 8,916,116 Class A ordinary shares opted to redeem their shares for a portion of the funds retained in the Company’s Trust Account, a move that is expected to result in an approximate reduction of $101 million, equating to roughly $11.34 per share, from the Trust Account by November 19, 2025.

In the wake of these activities, the Company announced a complete redemption of its outstanding Class A ordinary shares, effective December 3, 2025. This decision arises due to the Company’s inability to finalize an initial business combination within the designated timeframes stipulated in its Articles of Association. Following the established procedures, should a business combination not occur by November 18, 2025, the Company will redeem 100% of the public shares at a per-share price calculated based on the total funds in the Trust Account. The anticipated redemption price is pegged at approximately $11.34, reinforcing the conclusion of shareholders' rights under the existing shares beyond this transaction.

Companies typically strive to maintain a favorable trading environment, and as part of this transition, the public shares of NETD are expected to stop trading after November 25, 2025. Following the redemption scheduled for December 3rd, these shares will be deemed canceled, converting them into a claim for the redemptive amount only. Shareholders holding shares in 'street name' will not have to perform additional actions to retrieve their funds.

It is also essential to note that this redemptive process excludes the Company’s warrants and Class F ordinary shares from any redemption rights.

To continue its business operations, the Company stated it does not plan any liquidation or dissolution. Instead, it seeks to uphold its existence until all shareholder disbursements are completed, maintaining transparency about its intentions moving forward.

Nabors Energy Transition Corp. II is categorized as a blank-check company, created specifically to facilitate mergers, share exchanges, and other combinations with various business entities. Though the current vote may not have gone in the desired direction, the Company continues to monitor potential future opportunities while preparing its financial protocols for remaining shareholders.

As part of its future developments, the Company will submit a Form 25 to the U.S. Securities and Exchange Commission signaling the delisting of its securities from Nasdaq—a reflection of the necessity for dispersion in capital allocation following the redemption activities.

For updates and continuous information regarding the Company’s movements, stay connected with Nabors Energy Transition Corp. II through regulators and financial news platforms. They remain committed to transparency in every step taken, ensuring shareholders are informed and aligned with the corporate strategies that shape their investments.

Conclusion

While this meeting has provided clarity on immediate shareholder actions, Nabors Energy Transition Corp. II’s journey into future business combinations remains intact, navigating through investor sentiment and market dynamics with the objective of realizing its long-term vision.