Nabors Energy Transition Corp. II announced an extension of the deadline for their business combination with e2Companies LLC.
The extension provides NETD with an additional month to complete the merger, extending the deadline to September 18, 2025.
To facilitate the extension, Nabors Lux deposited $250,000 into NETD's trust account as the Extension Payment.
Deadline Extension
The deadline for NETD's business combination with e2 has been extended by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to enable the deadline extension.
Loan Repayment
If the business combination is consummated, the loan will be repaid from the Trust Account proceeds or converted into warrants for $1.00 per warrant.
- The Extension provides NETD with more time to finalize the business combination, indicating ongoing progress towards the merger.
- The deposit of the Extension Payment demonstrates the Company's commitment to meeting the revised deadline.
The extension of the deadline reflects NETD's dedication to completing the business combination with e2Companies LLC, showcasing a strategic approach to finalizing the merger.