Nabors Energy Transition Corp. II Announces Results of Extraordinary General Meeting and Redemption of Public Shares

Shareholder Meeting Results: Nabors Energy Transition Corp. II held a shareholder meeting on November 14, 2025, where proposals to extend the company's outside date and amend the trust agreement were not approved, leaving existing agreements unchanged.

Redemption of Shares: Shareholders redeemed approximately 8.9 million Class A ordinary shares for about $101.1 million, with a redemption price of approximately $11.34 per share, expected to be processed by November 19, 2025.

Upcoming Share Cancellation: The company will redeem all outstanding public shares by December 3, 2025, due to the failure to complete a business combination by the required deadline, leading to the cancellation of these shares.

Delisting and Future Plans: Nabors Energy Transition Corp. II plans to file for delisting with Nasdaq and does not intend to liquidate, aiming to maintain operations until all payments from a settlement agreement are distributed to remaining shareholders.