Nabors Energy Transition Corp. II has extended the deadline for its business combination with e2Companies LLC by one month.
The extension provides additional time for the completion of the initial business combination.
An affiliate of Nabors Lux deposited $250,000 as an extension payment to enable this extension.
Extension of Deadline
The deadline for business combination extended by one month.
Extension Payment
$250,000 deposited by Nabors Lux to facilitate the extension.
Loan Repayment
Loan from Nabors Lux to be repaid from Trust Account if business combination happens.
- The extension provides flexibility for NETD to ensure a successful business combination.
- Shareholders are informed about the extension and its financial implications.
- This move highlights the commitment of Nabors Energy Transition Corp. II towards completing the business combination.
The extension of the deadline showcases the strategic approach of Nabors Energy Transition Corp. II in finalizing the business combination with e2Companies LLC, providing room for necessary arrangements.