White & Case Advises Citigroup Global Markets Inc. and Wells Fargo Securities on Nabors Energy Transition Corp. II's US$305 Million IPO

Global law firm White & Case LLP has advised Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, as joint-bookrunners, on the initial public offering of 30.5 million units of Nabors Energy Transition Corp. II (NASDAQ: NETDU). The offering was priced at US$10 per unit, resulting in gross proceeds of US$305 million.

Nabors Energy Transition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies or technologies that focus on advancing the energy transition; specifically, ones that facilitate, improve or complement the reduction of carbon or greenhouse gas emissions while satisfying growing energy consumption across markets globally.

The White & Case team was led by Capital Markets partner Joel Rubinstein (New York) and associates Jordan Leon (Washington, DC) and William Quish (New York).

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