NABORS INDUSTRIES LTD 8K

Nabors Industries Ltd. completed a $35 million stock-funded strategic equity investment in Quaise Energy, raising its stake to 14% and securing exclusive drilling-service rights to support commercialization of Quaise’s superhot geothermal drilling technology.

Nabors Industries Ltd. announced that it has completed a $35 million strategic equity investment in Quaise Energy, Inc., funded through the issuance of approximately 392,000 shares of Nabors common stock, increasing Nabors’ fully diluted ownership stake in Quaise to 14% and making it Quaise’s largest shareholder. The investment, part of Quaise’s Series B financing round, is intended to advance Nabors’ technology-enabled growth strategy in adjacent energy markets by supporting the commercialization of Quaise’s millimeter‑wave, superhot geothermal drilling platform. The transaction also establishes a strategic framework and exclusivity arrangement under which Nabors will provide drilling services for Quaise’s geothermal projects, including its involvement with a Nabors PACE‑B rig at Quaise’s Project Obsidian in Oregon, targeting an initial 50 MW of reliable power and eventual expansion up to 1 GW, potentially creating future revenue opportunities for Nabors as the technology moves toward broader market adoption.

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1163739

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8K

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sec

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0001104659-26-101937

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6