Nabors Energy Transition Corp. II (NETD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 13, 2025

Risk Assessment Details

Potential Dilution: 287.36% of current shares
Recent Dilution: 80.0% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
14M
Potential Supply
39M
Additional shares possible
Splits
None
Past 2 years

Summary

NETD currently has 13.7M outstanding shares. with significant dilution risk as 39.4M authorized shares could dilute existing holders by 287.4%. The company has significantly diluted shareholders by 80.0% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 13, 2025

10-Q filing | 13.7M shares outstanding

14M 39M
Aug 14, 2025

10-Q filing | 7.6M shares outstanding

7.6M 39M
Jul 17, 2025

8-K filing: Nabors Energy Transition Corp. II issued an unsecured promissory note to Nabors Lux 2 S.a.r.l. for $250,000 in connection with an extension. ($185.9M proceeds)

7.6M 39M
May 14, 2025

10-Q filing | 7.6M shares outstanding

7.6M 39M
Mar 28, 2025

10-K filing | 7.6M shares outstanding

7.6M 39M
Nov 12, 2024

10-Q filing | 7.6M shares outstanding

7.6M 39M
Aug 14, 2024

10-Q filing | 7.6M shares outstanding

7.6M 39M
May 14, 2024

10-Q filing | 7.6M shares outstanding

7.6M 39M
Mar 27, 2024

10-K filing | 7.6M shares outstanding

7.6M 39M
Nov 13, 2023

10-Q filing | 7.6M shares outstanding

7.6M 39M
Aug 25, 2023

10-Q filing | 8.6M shares outstanding

8.6M 39M
Jul 25, 2023

8-K filing: Nabors Energy Transition Corp. II completed its initial public offering of 30,500,000 units at $10.00 per unit, along with a private sale of 9,540,000 warrants at $1.00 per warrant. ($314.54M proceeds)

N/A 39M
Jul 19, 2023

8-K filing: Nabors Energy Transition Corp. II completed a private sale of 9,540,000 warrants at $1.00 each, generating gross proceeds of $9,540,000, and issued unsecured promissory notes for $3,050,000, which may be converted into warrants at $1.00 per warrant. ($314.54M proceeds)

N/A 39M
Jul 12, 2023

S-1/A filing: Nabors Energy Transition Corp. II is offering 30,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one warrant, in an initial public offering.

N/A 39M
Jun 21, 2023

S-1 filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one warrant.

N/A 39M
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