Nabors Energy Transition Corp. II (NETD) has announced an extension of the deadline to complete its business combination with e2Companies LLC.
The board of directors elected to extend the date by one month, from August 18, 2025, to September 18, 2025.
The extension provides NETD with additional time to finalize the initial business combination.
Extension Payment
$250,000 deposited into NETD's trust account by Nabors Lux to effectuate the Extension.
Loan Repayment
If the business combination is successful, the loan will be repaid from the proceeds; otherwise, it will be repaid from funds outside the Trust Account.
Focus of NETD
NETD focuses on identifying solutions and technologies that advance the energy transition, aiming to reduce carbon emissions globally.
- The Extension allows NETD to navigate the complexities of finalizing the business combination with e2 successfully.
- Investors can now anticipate a more comprehensive evaluation period to assess the potential benefits of the combination.
The extension of the deadline signifies NETD's commitment to ensuring a well-structured and beneficial business combination with e2Companies LLC. Investors are advised to monitor future announcements closely for developments.