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Nabors Industries Ltd. Completes Series B Preferred Stock Purchase Agreement

PUBLIC · NBRAug 26, 2026•1 day ago

Amount Raised

$34.9 Million

Round Type

Series B

HoustonManufacturingEnergyOil And GasRenewable Energy

Investors

Quaise Energy, Inc.

Description

On August 26, 2026, Nabors Industries Ltd. entered into a Series B Preferred Stock Purchase Agreement with Quaise Energy, Inc. Nabors purchased 5,425,515 shares of Series B-1 Preferred Stock at a price of $6.4510 per share, issuing 391,944 common shares as consideration.

Company Information

Company

Nabors Industries

Location

Crown House 4 Par-la-Ville Road

Houston, Texas, United States

About

Nabors is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world.

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Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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