Nabors Energy Transition Corp. II held an extraordinary general meeting on November 14, 2025, where proposals for Indefinite Extension and trust agreement amendments were voted on.
Shareholders redeeming their Class A ordinary shares will receive approximately $11.34 per share, totaling around $101,116,166 from the Trust Account.
The Company will redeem all outstanding public shares sold as part of the initial public offering due to not consummating an initial business combination within the required timeframe.
Vote Results
Proposals for Indefinite Extension and trust agreement amendments did not pass, leaving the existing documents unchanged.
Shareholder Redemption
Shareholders exercising their right to redeem Class A ordinary shares will receive approximately $11.34 per share from the Trust Account.
Public Shares Redemption
All public shares will be redeemed on December 3, 2025, at an expected per-share price of $11.34.
Cease of Trading
Public shares will cease trading on November 25, 2025, and be deemed cancelled on December 3, 2025.
- The Company's failure to pass the proposals indicates the maintenance of current documents without amendments.
- Shareholders redeeming shares are expected to receive a significant amount from the Trust Account.
- The redemption of public shares affects the trading status and rights of shareholders.
Nabors Energy Transition Corp. II faces the redemption of public shares and the aftermath of the general meeting's results, impacting shareholders and trading activities.