Nabors Energy Transition Corp. announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “NETC.U” Wednesday, November 17.
The new SPAC intends 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. Nabors Energy Transition Corp. is led by President, Chief Executive Officer, Secretary and Chairman Anthony G. Petrello, Chief Financial Officer William J. Restrepo, VP of Energy Transition Guillermo Sierra, and President of Engineering and Technology Siggi Meisner.
Total SPAC deal count for 2021 year-to-date is now 544 This offering is expected to close on Friday, November 19.
Citigroup and Wells Fargo Securities are acting as joint book-running managers and representatives of the underwriters for the IPO. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with Cravath, Swaine & Moore LLP serving as Underwriter’s Counsel. Ham, Langston & Brezina, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...