NETC is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. NETC was formed 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.
Company profile
Ticker
NETD, NETDW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
NETD stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
29 Dec 23
25-NSE
Exchange delisting
19 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
15 Dec 23
8-K
Other Events
14 Dec 23
425
Business combination disclosure
11 Dec 23
425
Business combination disclosure
11 Dec 23
8-K
Nabors Energy Transition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Initial Business Combination
11 Dec 23
425
Business combination disclosure
8 Dec 23
425
Business combination disclosure
8 Dec 23
DEFA14A
Additional proxy soliciting materials
8 Dec 23
Latest ownership filings
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
4
Change in insider ownership
20 Dec 23
3
Initial statement of insider ownership
20 Dec 23
4
ANTHONY G PETRELLO
19 Dec 23
4
Change in insider ownership
19 Dec 23
4
Change in insider ownership
19 Dec 23
4
Change in insider ownership
19 Dec 23
4
William J Restrepo
19 Dec 23
4
Maria S. Dreyfus
19 Dec 23
4
JENNIFER GILL ROBERTS
19 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 82.51 k | 82.51 k | 82.51 k | 82.51 k | 82.51 k | 82.51 k |
Cash burn (monthly) | 227.60 k | 45.34 k | (no burn) | 280.54 k | (no burn) | (no burn) |
Cash used (since last report) | 2.78 mm | 553.95 k | n/a | 3.43 mm | n/a | n/a |
Cash remaining | -2.70 mm | -471.43 k | n/a | -3.34 mm | n/a | n/a |
Runway (months of cash) | -11.9 | -10.4 | n/a | -11.9 | n/a | n/a |
Institutional ownership, Q3 2023
69.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 61 |
Opened positions | 18 |
Closed positions | 3 |
Increased positions | 17 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 103.63 bn |
Total shares | 26.66 mm |
Total puts | 0.00 |
Total calls | 334.50 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Nabors Energy Transition Sponsor | 6.73 mm | $0.00 |
Space Summit Capital | 1.38 mm | $0.00 |
Shaolin Capital Management | 1.35 mm | $4.00 mm |
Periscope Capital | 1.16 mm | $5.59 bn |
Saba Capital Management | 1.05 mm | $3.91 bn |
Westchester Capital Management | 937.51 k | $10.18 bn |
Fir Tree Capital Management | 911.22 k | $9.90 bn |
Exos TFP | 792.78 k | $147.39 mm |
Hudson Bay Capital Management | 617.30 k | $6.71 bn |
Alberta Investment Management | 600.00 k | $6.52 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Dec 23 | Anthony G Petrello | Class F Common Stock Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 5,577,901 | 0.00 | 0 |
18 Dec 23 | Lux 2 S.a.r.l. Nabors | Class F Common Stock Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 4,778,750 | 0.00 | 0 |
18 Dec 23 | Dreyfus Maria S. | Class F Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 75,000 | 0.00 | 0 |
18 Dec 23 | Jennifer Gill Roberts | Class F Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 50,000 | 0.00 | 0 |
18 Dec 23 | John Yearwood | Class F Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 223,762 | 0.00 | 0 |