Special Purpose Acquisition Companies (Tables)

9 Months Ended

Sep. 30, 2023

NETC

Special Purpose Acquisition Companies

Schedule of Special Purpose Acquisition Companies effects on changes in non-controlling interest subject to possible redemption

The following table summarizes NETC’s effects on changes in non-controlling interest subject to possible redemption.

	2023
	(In thousands)
Balance, beginning of year	$	284,841
Redemptions		(186,933)
Net earnings		4,715
Nabors deemed dividends to SPAC public shareholders		2,597
Noncontrolling interest deemed dividends to SPAC public shareholders		1,641
Balance as of September 30	$	106,861

NETC II

Special Purpose Acquisition Companies

Schedule of Special Purpose Acquisition Companies effects on changes in non-controlling interest subject to possible redemption

The following table summarizes NETC II’s effects on changes in non-controlling interest subject to possible redemption.

	2023
	(In thousands)
Balance, beginning of year	$	—
Initial public offering		294,474
Net earnings		3,214
Nabors deemed dividends to SPAC public shareholders		5,583
Noncontrolling interest deemed dividends to SPAC public shareholders		7,993
Balance as of September 30	$	311,264