Nabors Energy Transition Corp. II (NETD) Prices $300M IPO


Nabors Energy Transition Corp. II (NETD) Prices $300M IPO

Nabors Energy Transition Corp. II priced its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NETDU” Friday, July 14, 2023.

The company intends to seek companies that are actively driving the energy transition and have technology focused on providing clean, dispatchable and scalable power from multiple sources, to meet growing demand without compromise to decarbonization. Nabors Energy Transition II is led by President, CEO, Secretary, and Chairman Anthony G. Petrello, CFO William J. Restrepo, and Vice President—Energy Transition Guillermo Sierra.

Total SPAC deal count for 2023 year-to-date is now 19. This offering is expected to close on Tuesday, July 18, 2023.

Citigroup and Wells Fargo Securities are acting as joint book-running managers and representatives of the underwriters for the IPO. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.