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Special Purpose Acquisition Company (Tables)

12 Months Ended

Dec. 31, 2024

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.

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​	​	​	​	​	​	​
​		​			2023
​	​	​	​	​	(In thousands)
Balance, beginning of year	​	​	​	​	$	284,841
Net earnings	​	​	​	​	​	5,540
Nabors deemed dividends to SPAC public shareholders	​	​	​	​	​	3,055
Noncontrolling interest deemed dividends to SPAC public shareholders	​	​	​	​	​	1,774
Redemptions and distributions of Trust Account	​	​	​	​	​	(295,210)
Balance as of December 31	​	​	​	​	$	—

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