SCHEDULE: First Trust Reports Zero Stake in Nabors Energy Transition II

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.

Summary

• This is an Amendment No. 2 to a Schedule 13G filing by First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP).
• The reporting entities collectively hold 0.00 Class A Ordinary Shares of Nabors Energy Transition Corp. II, representing 0.00% of the class.
• The event date requiring this filing was December 31, 2025.
• The filing certifies that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports a change in beneficial ownership to 0% without providing specific reasons or implications for the issuer's operational or financial performance. It indicates a complete divestment by the reporting entities.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G/A filings are routine disclosures for institutional investors, indicating changes in passive beneficial ownership. This specific filing reports a complete divestment by the First Trust entities, which could reflect a strategic portfolio adjustment or the conclusion of a merger arbitrage position related to Nabors Energy Transition Corp. II.

Stakeholder Impact

• Shareholders: The divestment to 0% by First Trust entities might be interpreted by some as a lack of confidence, but without context on their previous stake or reasons for divestment, the direct impact is minimal.
• Employees, Customers, Suppliers, Creditors: No direct impact from this beneficial ownership report.

Key Dates

Keywords

Nabors Energy Transition Corp. II, First Trust Merger Arbitrage Fund, Schedule 13G/A, Beneficial Ownership, Class A Ordinary Shares, Investment Management, SEC Filing