HOUSTON, July 18,
2023 /PRNewswire/ -- Nabors Energy Transition Corp.
II (the "Company") announced today the closing of its initial
public offering (the "IPO") of 30,500,000 units at a price of
$10.00 per unit. The units are
listed on The Nasdaq Global Market ("Nasdaq") and trade under the
ticker symbol "NETDU." Each unit consists of one Class A ordinary
share of the Company and one-half of one redeemable warrant, with
each whole warrant entitling the holder thereof to purchase one
Class A ordinary share of the Company at an exercise price of
$11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols "NETD" and
"NETDW," respectively.
Citigroup and Wells Fargo Securities acted as joint book-running
managers and representatives of the underwriters for the IPO.
The IPO was made by means of a prospectus. Copies of the
preliminary prospectus relating to the IPO and final prospectus may
be obtained from Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at
1-800-831-9146, or Wells Fargo Securities, LLC, Attention: Equity
Syndicate Department, 500 West 33rd Street, New York, NY 10001, by telephone at
833-690-2713 or by email at cmclientsupport@wellsfargo.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on July 13, 2023. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Nabors Energy Transition Corp. II
Nabors Energy Transition Corp. II is a blank check company
formed for the purpose of effecting a merger, amalgamation, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities. The Company intends to identify solutions, opportunities,
companies or technologies that focus on advancing the energy
transition; specifically, ones that facilitate, improve or
complement the reduction of carbon or greenhouse gas emissions
while satisfying growing energy consumption across markets
globally.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus for the Company's offering filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor contact:
William C. Conroy, CFA
william.conroy@nabors-etcorp.com
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SOURCE Nabors Energy Transition Corp. II