Nabors Energy Transition Corp. II has extended the deadline for its business combination with e2Companies LLC by one additional month.
The extension provides NETD with more time to complete the initial business combination.
Nabors Lux, an affiliate of the Sponsor, deposited $250,000 into NETD's trust account to effectuate the extension.
Deadline Extension
NETD extended the business combination deadline by one month.
Funding Source
Nabors Lux deposited $250,000 into NETD's trust account for the extension.
Loan Repayment
NETD will repay the loan from the Trust Account proceeds if the business combination is completed.
- The extension allows NETD to further evaluate and finalize the business combination with e2.
- Financial support from Nabors Lux ensures the extension's implementation without impacting shareholders directly.
The extension of the deadline showcases NETD's commitment to completing the business combination successfully.