NETD
Nabors Energy Transition Corp. II11.52
-0.04-0.35%
Nov 25, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
245.95MP/E (TTM)
288.00Basic EPS (TTM)
0.04Dividend Yield
0%Recent Filings
8-K
SPAC deadline extended one month
Nabors Energy Transition Corp. II extended its deadline for an initial business combination from October 18 to November 18, 2025, buying time for its extraordinary general meeting. Affiliate Nabors Lux deposited $250,000 into the trust account, funded by an interest-free promissory note repayable from trust proceeds or convertible to warrants at $1.00 each upon deal close. This one-month buffer aids shareholder solicitation. Yet liquidation looms if no merger materializes by November.
8-K
SPAC extends merger deadline
Nabors Energy Transition Corp. II extended its deadline to complete the initial business combination with e2Companies LLC from September 18 to October 18, 2025, buying one more month to close the deal. An affiliate deposited $250,000 into the trust account, funded by a non-interest-bearing promissory note repayable from trust proceeds or convertible to warrants at the sponsor's option. This move sustains the SPAC's runway amid ongoing merger preparations. Yet risks like shareholder redemptions loom large.
8-K
SPAC extends merger deadline
Nabors Energy Transition Corp. II extended its deadline to complete a business combination with e2Companies LLC from August 18 to September 18, 2025, buying one more month to close the deal. An affiliate deposited $250,000 into the trust account to fund the extension, issuing a non-interest-bearing promissory note repayable from trust proceeds or convertible to warrants at $1.00 each upon success. Yet risks loom: shareholder redemptions could drain funds, jeopardizing the merger.
10-Q
Q2 FY2025 results
Nabors Energy Transition Corp. II posted a net income of $2.4M for Q2 2025 ended June 30, down from $3.6M a year earlier, as interest income from the Trust Account fell 10.9% y/y to $3.4M while general and administrative expenses quadrupled to $1.1M, driven by heightened due diligence on the pending e2 merger. For the first half, net income dipped to $3.2M from $7.4M, with YTD interest income off 14.6% y/y at $6.7M amid elevated operating costs of $3.5M. Cash outside the Trust stood at $1.2M, supporting liquidity with no debt beyond $3.1M in related-party overfunding notes convertible to warrants; the Trust held $338.5M in securities. Signed the e2 merger in February 2025, but litigation brews over alleged breaches. Post-quarter, redemptions slashed the Trust by $186.7M, extending the deal deadline to August. Sponsor shares lock up six months post-close. Geopolitical tensions risk derailing the combination.
8-K
SPAC deadline extended amid redemptions
Nabors Energy Transition Corp. II's shareholders approved amendments on July 16, 2025, extending the deadline for its initial business combination up to July 18, 2026 via monthly options, while 16.8 million shares redeemed, draining $185.9 million from the trust at $11.08 per share. The board promptly activated the first extension to August 18, backed by a $250,000 sponsor loan into the trust. This buys time for the e2 merger, yet heavy redemptions shrink liquidity. Risks loom if approvals falter.
IPO
Sector
Industry
CCII
Cohen Circle Acquisition Corp.
10.23-0.03
CNDA
Concord Acquisition Corp II
11.42+0.00
EVAC
EQV Ventures Acquisition Corp.
10.01+0.01
FTII
FutureTech II Acquisition Corp.
12.02+0.00
LEGT
Legato Merger Corp. III
10.82-0.01
NOEM
CO2 Energy Transition Corp.
10.36+0.06
NTWO
Newbury Street II Acquisition C
10.41+0.02
POLE
Andretti Acquisition Corp. II
10.50-0.02
SZZL
Sizzle Acquisition Corp. II
10.17+0.00
TAVI
Tavia Acquisition Corp.
10.41+0.00