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Nabors Energy Transition Corp. II Class A ( (NETD) ) has provided an update.
On November 14, 2025, Nabors Energy Transition Corp. II held an extraordinary general meeting where shareholders voted on proposals to amend the company’s articles and trust agreement, aiming to extend the deadline for a business combination and adjust trust account fund management. None of the proposals received the necessary votes, resulting in no changes to the existing agreements. Consequently, the company announced the redemption of all outstanding Class A ordinary shares, effective December 3, 2025, as it failed to complete a business combination within the required timeframe. This decision will lead to the delisting of its securities from Nasdaq, although the company does not plan to liquidate or dissolve immediately.
More about Nabors Energy Transition Corp. II Class A
Nabors Energy Transition Corp. II is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
Average Trading Volume: 145,920
Technical Sentiment Signal: Buy
Current Market Cap: $242.1M
See more insights into NETD stock on TipRanks’ Stock Analysis page.