Nabors Energy Transition Corp. II has extended the deadline for its business combination by one month to September 18, 2025.
The extension allows more time for NETD to complete the initial business combination with e2Companies LLC.
An affiliate of Nabors Energy Transition Sponsor II LLC has provided an Extension Payment to facilitate the extension.
Deadline Extension
The board of directors elected to extend the business combination deadline by one month.
Extension Payment
Nabors Lux provided $250,000 to NETD through a non-interest-bearing loan for the extension.
Business Focus
NETD aims to merge with companies promoting energy transition solutions and carbon emission reduction.
- The extension indicates ongoing efforts to ensure a successful business combination.
- It provides clarity and transparency to investors regarding the timeline for the merger.
- The additional time may enhance the quality of the due diligence process and potential deal outcomes.
The extension of the deadline reflects NETD's commitment to completing a strategic business combination that aligns with its focus on energy transition solutions.