NETD Overview

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.

Extension of Outside Date: Nabors Energy Transition Corp. II has extended its outside date for business combination from October 18, 2025, to November 18, 2025, to allow time for shareholder solicitation ahead of an extraordinary general meeting.

Financial Support for Extension: An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to facilitate the extension, which may be repaid or converted into warrants if a business combination is completed.

Extension of Business Combination Deadline: Nabors Energy Transition Corp. II (NETD) has extended the deadline for completing its business combination with e2Companies LLC from September 18, 2025, to October 18, 2025, allowing more time for the transaction.

Financial Support for the Extension: An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to facilitate the extension, which will be repaid or converted into warrants if the business combination is successful.

Extension of Business Combination Deadline: Nabors Energy Transition Corp. II has extended the deadline to complete its business combination with e2Companies LLC from August 18, 2025, to September 18, 2025, allowing more time for the transaction.

Financial Support for Extension: An affiliate of Nabors has deposited $250,000 into NETD's trust account to facilitate this extension, which will be repaid or converted into warrants if the business combination is successful.

Extension of Business Combination Deadline: Nabors Energy Transition Corp. II has extended the deadline to complete its business combination with e2Companies LLC from July 18, 2025, to August 18, 2025, allowing more time for the transaction.

Financial Support for Extension: An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to facilitate this extension, which will be repaid or converted into warrants if the business combination is successful.

Strategic Partnership Announcement: Corscale Data Centers and Affinius Capital have formed a strategic partnership with e2Companies to exclusively deploy the R3Di® System for on-site power generation and energy storage in their data center projects in the U.S. over an initial 24-month period, targeting over 300MW of energy capacity.

Innovative Technology Benefits: The R3Di® System is designed to provide clean, reliable power tailored for next-generation AI demands, enabling Corscale to enhance its data center capabilities while addressing challenges related to traditional electric grid limitations through localized microgrids.