Nabors Energy Transition Corp. II (NETD) has announced the 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, as permitted under the company's memorandum and articles of association.
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 into NETD's trust account to effectuate the extension.
Business Combination Deadline Extended
The deadline to consummate the business combination has been extended by one month to provide additional time for the process.
Extension Payment
Nabors Lux, through a non-interest-bearing loan, deposited $250,000 into the trust account to enable the extension.
Repayment Options
If the business combination is completed, the loan will be repaid from the Trust Account or converted into warrants at $1.00 per warrant.
- The extension allows NETD more time to finalize the initial business combination with e2, indicating a continued focus on advancing the energy transition sector.
- This move provides reassurance to shareholders and stakeholders as the company navigates the complexities of the merger process.
Nabors Energy Transition Corp. II's decision to extend the business combination deadline demonstrates strategic planning and commitment to completing the merger successfully. Shareholders can expect further updates as the process unfolds.