Nabors Energy Transition Corp. II Extends Outside Date for Business Milestones

Nabors Energy Transition Corp. II Extends Its Outside Date

Nabors Energy Transition Corp. II (NASDAQ: NETD) has made a strategic move by extending its outside date from October 18, 2025, to November 18, 2025. This decision was made by the company's board of directors and aims to provide additional time for soliciting votes from shareholders ahead of the upcoming extraordinary general meeting (EGM). This extension is framed within the provisions of the company's second amended and restated articles of incorporation.

In conjunction with this extension, Nabors Lux 2 S.a.r.l., an affiliate of Nabors Energy Transition Sponsor II LLC, contributed a significant sum of $250,000 to NETD’s trust account. This financial infusion facilitates the execution of the extension and positions NETD to maintain momentum in its corporate objectives.() This amount has been structured as a non-interest-bearing loan, which the company plans to repay if it successfully executes its initial business combination. Importantly, the terms allow for the possibility of converting the loan into warrants at the sponsor's discretion.

This move reflects Nabors' commitment to engaging shareholders more effectively. The company’s EGM is crucial for addressing matters that impact its operational strategies, particularly the future business combinations it is pursuing. NETD is particularly focused on opportunities that advance the energy transition, seeking to collaborate with businesses that target the reduction of carbon emissions while successfully meeting global energy demands.

As a blank check company, NETD's design revolves around identifying and merging with businesses that exhibit strong potential for innovation within the energy sector. This strategic focus aligns with the growing importance of sustainability, especially in combating climate change and minimizing environmental impacts. The board is keen to capitalize on these critical business trends through informed shareholder engagement.

To facilitate transparency, a preliminary proxy statement has been filed with the Securities and Exchange Commission (SEC). Shareholders are encouraged to review this critical document carefully when it becomes available. These filings will illuminate the ongoing plans and solicit the necessary approvals from stakeholders to proceed.

The announcement does not constitute a solicitation for votes or approvals directly but signals a significant step toward gathering the necessary backing from investors who are integral to the company's vision. As it stands, the commitment of Nabors Lux with a significant deposit showcases a strong vote of confidence in NETD's future.

Furthermore, participants in the forthcoming solicitation include directors and executive officers of NETD and Nabors Industries Ltd. They will be providing crucial insights and updates concerning their respective positions, which are documented in prior filings with the SEC. Stakeholders can expect detailed disclosures regarding ownership and other pertinent information in the upcoming proxy materials.

This extension of the outside date signifies not just a timeline adjustment but also represents a deeper commitment to navigating the complexities of the energy market and fulfilling shareholder expectations. As the industry faces unprecedented challenges and opportunities, Nabors Energy Transition Corp. II positions itself as a proactive player in ensuring a smooth transition towards cleaner energy innovations.

() It is essential to note that if NETD does not consummate a business combination, the terms regarding loan repayments will shift, requiring different funding measures outside the trust account.

In summary, with the EGM on the horizon and an extended timeline to bolster its efforts, NETD is set on a path that emphasizes both strategic foresight and active engagement with all its stakeholders. The focus on advancing sustainable energy practices remains a cornerstone of the company's mission as they prepare for the upcoming meeting and celebrate their shareholder commitments.