Nabors Energy Transition II Units Stock Price, News & Analysis

NETDU NASDAQ

Company Description

Nabors Energy Transition Corp. II is a blank check company affiliated with Nabors Industries Ltd., a global energy technology provider, focused on facilitating the transition to renewable energy sources. It aims to identify and execute investment opportunities to support the energy sector's shift from fossil-based systems.

Managed by a subset of Nabors' leadership team, including Anthony G. Petrello, William Restrepo, and Guillermo Sierra, NETD intends to raise $300 million through an initial public offering with units listed under the symbol "NETDU" on the Nasdaq Global Market.

The company's strategy leverages Nabors' energy transition experience, technological capabilities, and industry relationships to drive sustainable energy solutions globally.

Stock Performance

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Last updated:

3.44 %

Performance 1 year

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Market Cap

30.5M

Shares outstanding

Latest News

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3 days ago

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Corscale Data Centers and Affinius Capital Announce Strategic Partnership with e2Companies to Exclusively Utilize its Virtual Utility® Technology in the United States Hyperscale Data Center Market

partnership

October 12, 2023

0.19%

New ASEAN Energy Adds Neil Bush and Stephen Trauber as Independent Directors

September 1, 2023

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Nabors Energy Transition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing September 5, 2023

July 25, 2023

0.18%

Nabors Announces Second Quarter 2023 Results

earnings

July 18, 2023

0.20%

Nabors Energy Transition Corp. II Announces Closing of $305,000,000 Initial Public Offering

IPO offering

July 13, 2023

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Nabors Energy Transition Corp. II Announces Pricing of $300,000,000 Initial Public Offering

IPO offering

SEC Filings

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No SEC filings available for Nabors Energy Transition II Units.

Financial Highlights

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Frequently Asked Questions

What is the current stock price of Nabors Energy Transition II Units (NETDU)?

The current stock price of Nabors Energy Transition II Units (NETDU) is $11.12 as of April 17, 2025.

What is Nabors Energy Transition Corp. II?

NETD is a blank check company affiliated with Nabors Industries Ltd., focused on supporting the shift from fossil-based energy systems to renewable sources.

What is the purpose of NETD's formation?

NETD aims to identify and execute business combinations, mergers, and acquisitions to facilitate the global energy sector's transition to renewable energy.

Who manages Nabors Energy Transition Corp. II?

NETD is managed by a team from Nabors Industries Ltd., including Anthony G. Petrello, William Restrepo, and Guillermo Sierra, bringing extensive energy, technology, and financial expertise.

How much does NETD intend to raise through its proposed offering?

NETD aims to raise $300 million through the sale of units consisting of ordinary shares and warrants to further its investment strategy in the energy transition sector.

Where will NETD list its units?

NETD intends to list its units on the Nasdaq Global Market under the symbol "NETDU" to provide investors with the opportunity to participate in supporting the global energy transition.

What is the core focus of Nabors Energy Transition Corp. II?

The core focus of NETD is to leverage Nabors' expertise and industry relationships to drive innovative and sustainable energy solutions globally, supporting the transition to renewable energy sources.

What sets NETD apart in the energy sector?

NETD's unique position lies in its affiliation with Nabors Industries Ltd., a leading energy technology provider, enabling strategic investments and partnerships to accelerate the shift towards renewable energy.

How does NETD plan to contribute to the energy transition?

NETD plans to deploy mobile assets, advanced technologies, and global expertise to facilitate, improve, and complement the ongoing shift from fossil-based systems of energy production and consumption to renewable sources.

What is the significance of Nabors Energy Transition Corp. II's IPO?

The IPO of NETD represents a milestone in implementing Nabors' energy transition strategy, providing investors with the opportunity to participate in supporting sustainable energy solutions and advancements in the global energy sector.

How does NETD plan to utilize the funds raised through the proposed offering?

NETD intends to utilize the funds raised to identify and execute investment opportunities that align with its mission of driving the energy sector's transition towards renewable energy, leveraging Nabors' expertise and industry partnerships.