Nabors Energy Transition Corp.

General Information

We intend to identify solutions, opportunities, companies or technologies that focus on advancing the energy transition; specifically, ones that facilitate, improve or complement the reduction of carbon or greenhouse gas emissions while satisfying growing energy consumption across markets globally.

Our sponsor, Nabors Energy Transition Sponsor LLC, is an affiliate of Nabors Industries Ltd. (“Nabors”; NYSE: NBR), which owns and operates one of the world’s largest land-based drilling rig fleets and provides offshore platform rigs and related services in the United States and several international markets. Nabors has a proven history of innovation and a track record of developing and deploying advanced technologies for the energy sector as it has evolved over the 100-plus year history of Nabors and its predecessor entities. 

(Note: Nabors Energy Transition Corp. upsized its SPAC IPO at pricing on Nov. 16, 2021, by pricing 24 million units, up from 20 million units, at $10 each to raise $240 million.) 

Employees: 0
Founded: 2021
Contact Information
Address 515 West Greens Road, Suite 1200 Houston, Texas 77067
Phone Number (281) 874-0035
Web Address
View Prospectus: Nabors Energy Transition Corp.
Financial Information
Market Cap $254.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol NETC.U
Exchange NYSE
Shares (millions): 24.0
Price range $10.00 - $10.00
Est. $ Volume $240.0 mil
Manager / Joint Managers Citigroup/ Wells Fargo Securities
Expected To Trade: 11/17/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change