Wed, May 14, 3:18 PM (41 days ago)
**NABORS ENERGY TRANSITION CORP. II (NETDU) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No revenue generated; company is in pre-operational phase. - **Profit Margins:** Net income of $876,496, primarily from interest on trust account ($3,330,446) offset by operating expenses ($2,453,950). - **Cash Flow:** Net cash used in operating activities was $139,870. Trust account holds $335,111,576. - **Earnings Changes:** Net income decreased from $3,796,892 in Q1 2024 to $876,496 in Q1 2025 due to increased operating expenses. **Quarterly Performance Discussion:** - **Operational Status:** Company is a blank check company formed for business combinations. - **Trust Account:** $335,111,576 held in trust, invested in U.S. Treasury Bills. - **Liquidity:** $1,459,812 in operating cash; $335,111,576 in trust account. - **Expenses:** $2,453,950 in general and administrative expenses for Q1 2025. **Trends & Uncertainties:** - **Business Combination:** Seeking initial business combination; mandatory liquidation by July 18, 2025, if not completed. - **Geopolitical Risks:** Global market volatility due to geopolitical instability. - **Future Operations:** Dependent on successful business combination; substantial doubt about going concern. **Future Operations Impact:** - **Business Combination:** Critical for operational commencement and revenue generation. - **Liquidity:** Trust account funds to be used for business combination and working capital. - **Geopolitical Risks:** Potential impact on target identification and valuation.