Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline to complete a business combination.
The extension provides NETD with additional time to finalize the initial business combination with e2Companies LLC.
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The deadline for the business combination has been extended by one month, from August 18 to September 18, 2025.
Extension Payment
Nabors Lux loaned $250,000 to NETD through a non-interest-bearing loan for the extension.
Repayment Options
If NETD completes the business combination, it will repay the loan from the proceeds of the Trust Account or convert it into warrants.
- The Extension gives NETD more time to finalize the business combination, indicating a commitment to completing the deal.
- The Deposit by Nabors Lux shows support and financial backing for NETD's strategic moves in the energy transition sector.
With the deadline extension and financial support, NETD is poised to progress towards its initial business combination with e2, reinforcing its position in the energy transition market.