Nabors Energy Transition Corp. II has extended the deadline to complete its business combination with e2Companies LLC by one month.
The extension provides NETD with additional time to finalize the merger process.
An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to enable this extension.
Extension of Deadline
The deadline for the business combination has been extended by one month.
Deposit into Trust Account
$250,000 has been deposited into NETD's trust account to support the extension.
Loan Repayment Options
If the business combination is completed, the loan will be repaid from the trust account proceeds or converted into $1.00 warrants.
- The extension allows for more time to finalize the merger, ensuring a thorough process.
- The deposit into the trust account indicates a commitment to completing the business combination.
- Options for loan repayment provide flexibility based on the outcome of the merger.
The extension of the deadline and financial support demonstrate NETD's dedication to completing the business combination successfully with e2Companies LLC.