Nabors Energy Transition Corp. II (NETD) Announces Closing of $305,000,000 Initial Public Offering

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Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Thermal Power Company

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About Us

NETC and NETD were formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. We intend to facilitate, improve or complement the ongoing global energy sector's shift from fossil-based systems of energy production and consumption to renewable energy sources.

About Our Sponsor

Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With operations in more than 15 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in engineering, automation, data science and manufacturing, Nabors, which owns the global industry’s largest fleet of land drilling rigs and equipment, is committed to innovate the future of energy and enable the transition to a lower-carbon world.

Since making its commitment to “Energy Without Compromise”, Nabors has utilized a three-pronged approach to the energy transition, pursuing internal technology development to decarbonize its operations and those of its customers, creating an ecosystem of venture investments in early-stage advanced technology companies, and leveraging SPACs to invest on a larger scale.

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