Nabors Energy Transition Corp. II has announced an extension of the deadline for completing its business combination with e2Companies LLC.
The board of directors elected to extend the date by one month, from August 18, 2025, to September 18, 2025.
This extension provides NETD with additional time to finalize the business combination.
Extension of Deadline
The deadline for the business combination has been extended by one month, allowing more time for the completion of the deal.
Extension Payment
Nabors Lux deposited $250,000 to enable the extension, facilitating the completion of the business combination.
Repayment Options
If the business combination is successful, the loan will be repaid from the proceeds of the Trust Account or converted into warrants for $1.00 per warrant.
- The extension of the deadline provides NETD with flexibility to ensure a thorough and successful business combination.
- The additional time may allow for more comprehensive due diligence and negotiations, potentially enhancing the terms of the deal.
The extension of the deadline showcases NETD's commitment to completing a successful business combination with e2Companies LLC, reinforcing its dedication to advancing the energy transition sector.