| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 629,566 | 1,178,340 | ||
| Prepaid expenses | 28,750 | 42,500 | ||
| Short-term prepaid insurance | 10,733 | 10,651 | ||
| Total current assets | 669,049 | 1,231,491 | ||
| Cash and marketable securities held in trust account | 154,158,677 | 338,525,863 | ||
| Total assets | 154,827,726 | 339,757,354 | ||
| Accounts payable and accrued expenses | 2,967,156 | 429,848 | ||
| Total current liabilities | 2,967,156 | 429,848 | ||
| Overfunding and extension convertible notes - related party | 3,800,000 | 3,050,000 | ||
| Deferred underwriting fee payable | - | 8,006,250 | ||
| Deferred legal fees | 7,380,806 | 6,654,780 | ||
| Total liabilities | 14,147,962 | 18,140,878 | ||
| Class a ordinary shares subject to possible redemption, 13,724,863 and 30,500,000 shares at redemption value of 11.23 and 10.88 per share as of september 30, 2025 and december 31, 2024, respectively | 154,158,677 | 338,525,863 | ||
| Ordinary shares-Common Class A | 0 | - | ||
| Ordinary shares-Common Class B | 0 | - | ||
| Ordinary shares-Common Class F | 763 | 763 | ||
| Accumulated deficit | -13,479,676 | -16,910,150 | ||
| Total shareholders' deficit | -13,478,913 | -16,909,387 | ||
| Total liabilities, class a ordinary shares subject to possible redemptions, and shareholders' deficit | 154,827,726 | 339,757,354 | ||
Nabors Energy Transition Corp. II (NETD)
Nabors Energy Transition Corp. II (NETD)