Examples of Nabors Lux in a sentence
Nabors Lux funded $2.5 million under the February Notes Subscription Agreement on February 15, 2023 and an additional $2.5 million under the February Notes Subscription Agreement on June 27, 2023; • Nabors Lux entered into a Notes Subscription Agreement (the “October Notes Subscription Agreement”) with the Issuer pursuant to which Nabors Lux subscribed for and purchased an additional $2.5 million of Senior Convertible Notes (the “Incremental Convertible Funding”).
In connection with the signing of the Business Combination Agreement Nabors Lux: • entered into a subscription agreement with the Issuer (the “Equity Subscription Agreement”), pursuant to which Nabors Lux agreed to subscribe for and purchase up to $15 million (reduced dollar for dollar by the proceeds received from Nabors Lux pursuant to the Notes Subscription Agreement) of Ordinary Shares for $10.20 per share in a private placement upon closing of the Business Combination.
Nabors Lux 2 S.a.r.l. is a wholly owned subsidiary of Nabors Industries Ltd.
The Class F Common Stock may be deemed to be indirectly owned by Nabors Lux 2 S.a.r.l. and Greens Road Energy LLC who are the members of Nabors Sponsor, and Anthony G.
Immediately prior to the Business Combination, Nabors Lux held 1,948,839 shares of NETC Class F common stock.
Nabors Lux’s commitment under the Equity Subscription Agreement was reduced, dollar-for-dollar, by the Incremental Convertible Funding; and • the Issuer entered into a Backstop Agreement (which was subsequently amended on December 8, 2023) (the “Nabors Backstop Agreement”) pursuant to which Nabors Lux agreed to purchase up to $10 million Ordinary Shares at a purchase price of $10.20 per share (the “Nabors Backstop”), to serve as a backstop for redemptions of NETC Class A Common Stock.
CD leadership quarterly meeting will review the five year action plan.
Pursuant to the Nabors Backstop Agreement, Nabors Lux has irrevocably subscribed for and agreed to purchase prior to January 9, 2024, and the Issuer has agreed to sell to Nabors Lux, 681,621 Ordinary Shares for $10.20.
Nabors Energy Transition Ventures LLC (“NETV”), an affiliate of NIL and Nabors Lux, is a party to that Joint Development and License Agreement with the Issuer, dated February 14, 2023 (the “Development Agreement”), pursuant to which, among other things, NETV and the Issuer agree to work together on a project-by-project basis to develop products and/or equipment related to solar power generation.
Nabors Lux has agreed not to (i) receive any Earnback Shares or (ii) exercise any Vast Private Warrants, in each case until the Australian Foreign Investment Review Board has approved the acquisition by Nabors Lux of a greater than 20% interest in the Issuer.