Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline for its business combination by one month.
The extension provides NETD additional time to complete the initial business combination with e2Companies LLC.
Nabors Lux deposited $250,000 into NETD's trust account to effectuate the extension.
Extension Duration
The deadline for the business combination extended by one month to September 18, 2025.
Funding Source
Nabors Lux, an affiliate of the Sponsor, provided the Extension Payment through a non-interest-bearing loan.
Repayment Options
If the business combination occurs, the loan will be repaid from the Trust Account or converted into warrants at $1.00 per warrant.
- The extension allows NETD more time for due diligence and finalizing the business combination terms.
- The additional month may enhance shareholder confidence in the successful completion of the deal.
With the deadline extension and financial support from Nabors Lux, NETD now has the opportunity to solidify its business combination with e2Companies LLC, advancing its focus on energy transition solutions.