35 Days left to seek lead plaintiff status.

This Action arises in connection with misappropriation of a $29 million termination payment by the managers of a special purpose acquisition company, or SPAC, at the expense of public stockholders.  In February 2025, Defendants announced a proposed transaction with e2Companies LLC (“e2”), an energy management firm. Three months later, in October 2025, Defendants announced that they had agreed to a mutual termination of the e2 transaction and a resolution of the Merger Litigation. In return, e2 agreed to pay a break-up fee of at least $29.23 million. In November 2025, the Company announced that it would redeem all outstanding Class A shares for a per-share redemption amount from distribution of the Trust Account and not including the value of the break-up fee. Defendants claimed that the “redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any),” and thus any remaining assets (including the break-up fee) would be diverted to Defendants.  The complaint alleges that the Defendants’ decision to appropriate the entirety of the Break-Up Fee was self-interested and violated their fiduciary duties and contractual obligations under the Sponsor Agreement and the SPAC’s governing documents.

Nabors Energy Transition Corp. II Class A Ordinary Shares (NASDAQ: NETD) Claim Form