Nabors Energy Transition Corp. II (NETD) announced the extension of the deadline to complete a business combination by one month.
The extension provides NETD with additional time to finalize the initial business combination with e2Companies LLC.
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 to enable the extension.
Deadline Extension
The deadline to consummate the business combination extended by one month.
Extension Payment
Nabors Lux deposited $250,000 to facilitate the extension.
Repayment Options
If the business combination occurs, the loan will be repaid from the Trust Account or converted into warrants for $1.00 per warrant.
Business Focus
NETD seeks to advance energy transition by identifying solutions that reduce carbon emissions while meeting global energy demands.
- The extension allows NETD more time to secure the business combination, indicating ongoing efforts to finalize the deal.
- The deposit from Nabors Lux demonstrates commitment to completing the transaction and meeting the extended deadline.
With the deadline extension and additional time granted, NETD is moving closer to finalizing the business combination with e2Companies LLC, aligning with its focus on advancing energy transition solutions.