Nabors Energy Transition Corp. II Q2 2025 Update

TL;DR

**Nabors Energy Transition Corp. II has $7.6M in trust as of Q2 2025. Share structure details released.**

AI Summary

Nabors Energy Transition Corp. II filed its 10-Q for the period ending June 30, 2025. The company reported $7,625,000 in its trust account as of June 30, 2025. The filing also details various share classes, including ordinary shares subject to possible redemption and founder shares, with specific dates related to their issuance and potential redemption.

Why It Matters

This filing provides insight into the financial status and share structure of Nabors Energy Transition Corp. II, which is crucial for investors tracking the company's progress and potential future activities.

Risk Assessment

Risk Level: medium — As a SPAC, the company's primary risk is failing to complete a business combination within its timeframe, leading to liquidation.

Key Numbers

• $7.625M — Trust Account Balance (As of June 30, 2025, indicating funds available for potential business combination or redemption.)

Key Players & Entities

• Nabors Energy Transition Corp. II (company) — Filer of the 10-Q
• June 30, 2025 (date) — End of the reporting period
• $7,625,000 (dollar_amount) — Amount in trust account as of June 30, 2025

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one warrant
• $11.50 — ordinary share at an exercise price of $11.50 per share NETDW The Nasdaq Stock Ma

Filing Documents

• netd-20250630x10q.htm (10-Q) — 970KB
• netd-20250630xex31d1.htm (EX-31.1) — 12KB
• netd-20250630xex31d2.htm (EX-31.2) — 12KB
• netd-20250630xex32d1.htm (EX-32.1) — 7KB
• netd-20250630xex32d2.htm (EX-32.2) — 7KB
• 0001410578-25-001792.txt ( ) — 5322KB
• netd-20250630.xsd (EX-101.SCH) — 53KB
• netd-20250630_cal.xml (EX-101.CAL) — 18KB
• netd-20250630_def.xml (EX-101.DEF) — 223KB
• netd-20250630_lab.xml (EX-101.LAB) — 355KB
• netd-20250630_pre.xml (EX-101.PRE) — 312KB
• netd-20250630x10q_htm.xml (XML) — 810KB

Financial Information

Part I. Financial Information

Financial Statements

Item 1. Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Condensed Unaudited Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 2 Condensed Unaudited Consolidated Statements of Changes in Shareholders' Deficit for the three and six months ended June 30, 2025 and 2024 3 Condensed Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 4 Notes to Condensed Unaudited Consolidated Financial Statements 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 28

Controls and Procedures

Item 4. Controls and Procedures 28

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 29

Risk Factors

Item 1A. Risk Factors 29

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 30

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 30

Other Information

Item 5. Other Information 30

Exhibits

Item 6. Exhibits 31

Signatures

Signatures 32 i Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. NABORS ENERGY TRANSITION CORP. II CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2025 2024 (Unaudited) Assets Current assets Cash $ 1,178,340 $ 1,599,682 Prepaid expenses 42,500 5,000 Short-term prepaid insurance 10,651 130,475 Total current assets 1,231,491 1,735,157 Cash and marketable securities held in Trust Account 338,525,863 331,781,130 Total Assets $ 339,757,354 $ 333,516,287 Liabilities, Class A Ordinary Shares Subject to Possible Redemptions, and Shareholders' Deficit Current liabilities Accounts payable and accrued expenses $ 429,848 $ 296,368 Due to affiliate — 17,351 Total current liabilities 429,848 313,719 Overfunding convertible notes – related parties 3,050,000 3,050,000 Deferred legal fees 6,654,780 3,759,253 Deferred underwriting fee payable 8,006,250 10,675,000 Total Liabilities 18,140,878 17,797,972 Commitments and Contingencies (Note 6) Class A ordinary shares subject to possible redemption, 30,500,000 shares at redemption value of $ 11.10 and $ 10.88 per share as of June 30, 2025 and December 31, 2024, respectively 338,525,863 331,781,130 Shareholders' Deficit Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 30,500,000 shares subject to possible redemption) as of June 30, 2025 and December 31, 2024 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024 — — Class F ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 7,625,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024 763 763 Additional paid-in capital — — Accumulated deficit ( 16,910,150 )

View Full Filing

View this 10-Q filing on SEC EDGAR