Nabors Energy Transition Corp. II (Nasdaq: NETD) announced an extension of the deadline for its business combination.
The board of directors extended the date to consummate a business combination by one month.
This extension allows NETD to complete its business combination with e2Companies LLC.
Extension of Deadline
NETD extended the business combination deadline by one month.
Extension Payment
Nabors Lux deposited $250,000 into NETD's Trust Account to enable the extension.
Purpose of NETD
NETD is a blank check company focusing on advancing the energy transition.
- Investors are now informed of the extended timeline for the business combination.
- The involvement of Nabors Lux and the Sponsor is crucial for enabling the extension.
The extension provides NETD with the necessary time to finalize the business combination with e2, showcasing their commitment to the energy transition sector.