Nabors Energy Transition Corp. II (NETD) has announced the extension of the deadline for completing its business combination with e2Companies LLC.
The board of directors decided to extend the deadline by one month, from August 18 to September 18, 2025.
This extension provides NETD with additional time to finalize the merger and allow for necessary preparations.
Deadline Extension
The deadline for the business combination has been extended by one month, providing more time for NETD to complete the merger with e2Companies LLC.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account as the extension payment, enabling the deadline extension.
Loan Repayment
If the business combination is completed, the loan will be repaid from the proceeds of the Trust Account or converted into warrants for $1.00 per warrant.
- The extension allows NETD to navigate through any pending approvals or regulatory processes smoothly, ensuring a more structured business combination.
- Investors may perceive the extension positively as it demonstrates a commitment to finalize the merger successfully, potentially increasing confidence in NETD's future prospects.
The deadline extension provides NETD with the necessary flexibility to ensure a seamless completion of the business combination with e2Companies LLC, showcasing a strategic approach towards maximizing shareholder value.