Funicular Funds, LP and Cable Car Capital, LP's Schedule 13D Filing for Nabors Energy Transition Corp. II

Funicular Funds, LP, along with Cable Car Capital, LP and Jacob Ma-Weaver, filed a Schedule 13D with the SEC regarding their ownership of Class A Ordinary Shares in Nabors Energy Transition Corp. II. The filing discloses that the Reporting Persons collectively own 1,875,115 shares, representing approximately 13.7% of the outstanding shares. The shares were acquired based on the belief that they were undervalued and represented an attractive investment opportunity. The Reporting Persons have communicated their concerns regarding the Issuer's preliminary proxy statement and are supportive of an orderly winding up process that distributes the trust account to Class A shareholders. The filing also outlines the potential future actions the Reporting Persons may take, including increasing or decreasing their position, engaging in communications with management, and exploring potential business combinations or dispositions.