Nabors Energy Transition Corp. II (NETD) has announced an extension of the deadline for completing its business combination by one month.
The extension allows NETD to have more time to finalize its initial business combination with e2Companies LLC.
Nabors Lux 2 S.a.r.l. deposited $250,000 into NETD's trust account to facilitate the extension.
Extension of Deadline
The deadline for the business combination has been extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to enable the extension, with repayment plans outlined.
Purpose of NETD
NETD focuses on effecting a merger or business combination with entities advancing energy transition solutions.
- The extension provides NETD with additional time to ensure a successful business combination with e2Companies LLC.
- Nabors Lux's financial support through the $250,000 deposit underlines the commitment to the business combination.
- Investors should stay informed about the upcoming filings with the SEC regarding the business combination.
The extension of the business combination deadline offers NETD the flexibility needed to secure a strategic partnership with e2Companies LLC, aligning with its focus on advancing energy transition solutions.