Nabors Energy Transition Corp. II is a blank check company sponsored by Nabors Industries Ltd. NBR, +3.07% , has filed for an initial public offering (IPO) on Nasdaq, under the symbol “NETD”. Special purpose acquisition company (SPAC), which is sponsored by oil services company Nabors Industries Ltd., plans to sell 30 million units for $10 each. Citigroup and Wells Fargo Securities underwrite the IPO of Nabors Energy Transition Corp. II. The company is headed by Anthony Petrello who was CEO of Nabors Industries from 2011 to 2015. He was also the CEO of Nabors Energy Transition Corp. I. announced on February 14 that it had reached a deal with Vast to purchase the solar power company for $586,000,000. SPAC IPOs are less common in 2023, after the rush of deals made during the pandemic.