Nabors Energy Transition Corp. announced a private placement of unsecured non-convertible promissory note for aggregate proceeds of $295,519.23 on November 17, 2023. The transaction included participation from returning investor Nabors Lux 2 S.a.r.l. The note issued at par value.

The note bears no interest and is due and payable upon the earlier to occur of the date on which the company consummates its initial business combination and the liquidation of the company on or before December 19, 2023, unless such date is extended pursuant to the company?s second amended and restated certificate of incorporation or such later liquidation date as may be approved by the company?s stockholders.