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Nabors Energy Transition Corp. II Announces Results of Extraordinary General Meeting and Redemption of Public Shares
Nabors Energy Transition Corp. II will redeem all public Class A shares at about $11.34 each after failure to complete a business combination by the deadline, the company said.
- Nabors Energy Transition Corp. II said the extraordinary general meeting on November 14, 2025 failed to extend its outside date or amend its trust agreement, so it will redeem all public shares, expected to cease trading on November 25, 2025.
- Because the company is a blank-check vehicle formed to complete a business combination, the Articles specify that missing November 18, 2025, triggers mandatory redemption of all public shares within ten business days, based on the Trust Account balance.
- The Company's transfer agent, Continental Stock Transfer & Trust Company, said beneficial owners holding shares in street name will not need to take action, while others must deliver shares to receive payment.
- The Company noted it will remain in existence until payments under the previously disclosed settlement agreement and related notes are received and distributed to remaining shareholders.
- The press release notes the forward-looking statements are subject to numerous conditions described in NETD's SEC filings, and William C. Conroy, CFA, in Houston is the Investor Relations contact.
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Nabors Energy Transition Corp. II Announces Results of Extraordinary General Meeting and Redemption of Public Shares
HOUSTON, Nov. 17, 2025 /PRNewswire/ -- Nabors Energy Transition Corp. II ("NETD" or the "Company") (Nasdaq: NETD) announced today the results of the extraordinary general meeting of its shareholders held on November 14, 2025 to vote on proposals to (a)…
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