Form 4: Greens Road Energy II LLC Reports Change in Beneficial Ownership of Nabors Energy Transition Corp. II

Greens Road Energy II LLC reports a transaction involving Class F Ordinary Shares of Nabors Energy Transition Corp. II due to a transfer of shares to a new director.

Summary

• On June 25, 2024, Nabors Energy Transition Sponsor II LLC transferred 50,000 Class F Ordinary Shares to Colin Richardson in connection with his appointment as a director of Nabors Energy Transition Corp. II (NETD).
• Greens Road Energy II LLC may be deemed to have beneficial ownership of the shares held by the Sponsor.
• Greens Road disclaims beneficial ownership except to the extent of any pecuniary interest.
• The Class F Ordinary Shares are automatically convertible into Class B Ordinary Shares upon the Issuer's initial business combination on a one-for-one basis, subject to anti-dilution adjustments.
• Class B Ordinary Shares are convertible into Class A Ordinary Shares at the holder's option.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a share transfer and director appointment, with no inherent positive or negative sentiment.

Industry Context

This filing is typical for special purpose acquisition companies (SPACs) as they prepare for and execute their initial business combination, involving changes in share ownership and board composition.

Management Changes

Stakeholder Impact

• The appointment of a new director could influence the strategic direction of Nabors Energy Transition Corp. II, potentially impacting shareholders.

Key Dates