Nabors Energy Transition CORP Ii
Market Movers (8-K)
Nabors Energy Transition Corp. II announced it will redeem all public shares and delist from Nasdaq after shareholders rejected proposals to extend its business combination deadline.
Nabors Energy Transition Corp. II has extended its deadline to complete an initial business combination by one month to November 18, 2025, backed by a $250,000 loan from an affiliate.
Worse than expected
Delay expected
Capital raise
Nabors Energy Transition Corp. II and e2Companies LLC have mutually terminated their business combination agreement, settling a lawsuit and establishing a secured promissory note for $29.23 million.
Delay expected
Worse than expected
Capital raise
Nabors Energy Transition Corp. II has extended its deadline to complete a business combination with e2Companies LLC by one month to October 18, 2025, supported by a $250,000 loan from an affiliate.
Worse than expected
Delay expected
Capital raise
Nabors Energy Transition Corp. II extends its business combination deadline to September 18, 2025, supported by a $250,000 loan from an affiliate.
Worse than expected
Capital raise
Delay expected
Nabors Energy Transition Corp. II has extended its deadline to complete an initial business combination to August 18, 2025, following shareholder approval and a $250,000 deposit by an affiliate, while facing substantial share redemptions.
Delay expected
Worse than expected
Capital raise
Quarterly Earnings (10-Q)
Nabors Energy Transition Corp. II (NETD) terminated its business combination agreement with e2Companies, securing a $29.23 million settlement, and is seeking an indefinite extension for its operating period.
Worse than expected
Capital raise
Delay expected
Nabors Energy Transition Corp. II reports a net income decline, significant share redemptions, and a legal dispute with its target acquisition, e2.
Worse than expected
Capital raise
Delay expected
Nabors Energy Transition Corp. II reports a net income of $876,496 for the first quarter of 2025 and is progressing towards a business combination with e2.
Worse than expected
Nabors Energy Transition Corp. II reported a net income of $3.97 million for the third quarter of 2024, primarily driven by interest income from its trust account.
Nabors Energy Transition Corp. II reported a net income of $7.4 million for the first six months of 2024, primarily driven by interest income from its trust account.
Capital raise
Nabors Energy Transition Corp. II reported a net income of $3.8 million for the quarter ended March 31, 2024, primarily driven by interest income from its trust account.
Capital raise
Annual Reports (10-K)
Nabors Energy Transition Corp. II files an amendment to its 2024 Form 10-K to include the conformed signature of WithumSmith+Brown, PC in the Audit Report.
Nabors Energy Transition Corp. II files its annual report and announces a business combination with e2Companies, aiming to advance the energy transition.
Nabors Energy Transition Corp. II's 10-K filing outlines the company's share structure, warrant terms, and governance, highlighting its focus on energy transition acquisitions.
Capital raise
Insider Trading (Form 4)
Nabors Energy Transition Corp. II's Chief Financial Officer, William J. Restrepo, is no longer an officer, ending his Section 16 reporting obligations.
Nabors Energy Transition Corp. II has extended its deadline to complete a business combination with e2Companies LLC to October 18, 2025, supported by a $250,000 loan from an affiliate.
Delay expected
Capital raise
Nabors Energy Transition Corp. II has extended its business combination deadline with e2Companies LLC to September 18, 2025, supported by a $250,000 non-interest-bearing loan from an affiliate.
Capital raise
Delay expected
Mizuho Securities USA LLC, a 10% owner of Nabors Energy Transition Corp. II, reported the sale of 565,000 shares of common stock at $11.18 per share.
Worse than expected
Nabors Energy Transition Corp. II (NETD) shareholders approved an extension to the deadline for its business combination with e2Companies LLC, allowing the Board to extend the period up to July 18, 2026, following a $250,000 deposit by an affiliate, though a substantial portion of shares were redeemed.
Worse than expected
Capital raise
Delay expected
Nabors Energy Transition Corp. II has filed a lawsuit against e2Companies LLC in the Delaware Court of Chancery, alleging breach of their Business Combination Agreement and seeking specific performance, amidst mutual accusations of non-compliance.
Worse than expected
Delay expected
Proxy Statements (Def-14A)
Nabors Energy Transition Corp. II amends its proxy statement to seek shareholder approval for an indefinite extension of its existence and to allow withdrawal of trust account interest for operating expenses, while abandoning its business combination pursuit.
Worse than expected
Nabors Energy Transition Corp. II proposes to indefinitely extend its existence to collect settlement payments from e2Companies LLC, terminating its SPAC mission and facing Nasdaq delisting.
Worse than expected
Delay expected
Nabors Energy Transition Corp. II extends its deadline to complete a business combination by one month to November 18, 2025, supported by a $250,000 loan from an affiliate.
Delay expected
Capital raise
Nabors Energy Transition Corp. II has filed a lawsuit against e2Companies LLC in Delaware, alleging breach of their business combination agreement and seeking specific performance.
Worse than expected
Delay expected
DEFA14A: Nabors Energy Transition Corp. II Postpones Shareholder Meeting, Extends Redemption Deadline
Nabors Energy Transition Corp. II announced the postponement of its Extraordinary General Meeting and an extension of the share redemption deadline, related to a proposed amendment to extend the deadline for its initial business combination.
Delay expected
Nabors Energy Transition Corp. II (NETD) is seeking shareholder approval to extend its deadline to complete a business combination by up to 12 months, aiming to finalize its merger with e2Companies LLC.
Delay expected
Capital raise
Schedule 13D - Activist Investments
An activist investor group, led by Gabriel Gliksberg, has filed a Schedule 13D, challenging Nabors Energy Transition Corp. II's plan to allocate assets from a failed transaction, arguing it's improper and inconsistent with fiduciary duties.
Worse than expected
An activist investor group, Funicular Funds, LP, has filed a petition to liquidate Nabors Energy Transition Corp. II, citing a loss of trust in management and substratum failure.
Worse than expected
Funicular Funds and Jacob Ma-Weaver, holding a 23% stake in Nabors Energy Transition Corp. II, have voted against proposals at the upcoming general meeting, citing concerns over redemption practices.
Capital raise
Worse than expected
Funicular Funds, LP, Cable Car Capital, LP, and Jacob Ma-Weaver have disclosed a 13.7% beneficial ownership stake in Nabors Energy Transition Corp. II, expressing concerns about current proposals and advocating for an orderly winding up.
Worse than expected
Schedule 13G - Passive Investments
First Trust Merger Arbitrage Fund and related entities have reported a 0% beneficial ownership in Nabors Energy Transition Corp. II as of December 31, 2025.
Mizuho Financial Group, Inc. filed an amendment to its Schedule 13G, reporting 0% beneficial ownership of Nabors Energy Transition Corp. II common shares as of December 31, 2025.
W. R. Berkley Corporation and Berkley Insurance Company report zero beneficial ownership in Nabors Energy Transition Corp. II Class A ordinary shares.
Worse than expected
Wealthspring Capital LLC and Matthew Simpson report 0% beneficial ownership of Nabors Energy Transition Corp. II Class A Ordinary Shares.
Worse than expected
Wolverine Asset Management and related entities report 0% beneficial ownership in Nabors Energy Transition Corp. II Class A ordinary shares.
A group of investment firms, including Westchester Capital Management, LLC, disclosed beneficial ownership of 9.37% of Nabors Energy Transition Corp. II's Class A ordinary shares.