Nabors Energy Transition Corp. II has extended the deadline for completing a business combination by one month.
The board of directors elected to extend the date to September 18, 2025, under the company's memorandum and articles of association.
The extension provides NETD additional time to finalize its initial business combination with e2Companies LLC.
Extension of Deadline
The deadline for the business combination has been extended by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's Trust Account to facilitate the extension.
Purpose of NETD
NETD focuses on advancing the energy transition by seeking companies that reduce carbon emissions and meet energy consumption needs globally.
- The extension allows NETD more time to secure the business combination, indicating ongoing strategic planning and negotiations.
- The deposit by Nabors Lux reflects a commitment to fulfilling the extension requirements and completing the initial business combination.
Nabors Energy Transition Corp. II's decision to extend the deadline demonstrates its dedication to finalizing the business combination with e2Companies LLC. Shareholders and investors can anticipate further developments as the process unfolds.