Nabors Energy Transition Corp.
Priced IPO of 24 million units at $10 per unit. Units were to be listed on the New York Stock Exchange and trade under the ticker symbol "NETC.U" beginning on Nov. 17. Each unit consists of one share of the company's Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the company's Class A common stock at an exercise price of $11.50 per share. Citigroup and Wells Fargo Securities were joint book-running managers and representatives of the underwriters, which were granted a 45-day option to purchase up to an additional 3.6 million units at the IPO price to cover over-allotments, if any.