Nabors Energy Transition Corp. announced a private placement of an unsecured non-convertible promissory note to returning investor Nabors Lux 2 S.a.r.l. in the principal amount of $295,519.23 on October 13, 2023. 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 November 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.

The issuance of the note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.