Nabors Energy Transition Corp. II announced the extension of the deadline to complete its business combination with e2Companies LLC.
The board of directors decided to extend the deadline by one month, from August 18, 2025, to September 18, 2025, as permitted under the memorandum and articles of association.
An affiliate of the Sponsor, Nabors Lux, has deposited $250,000 into NETD's trust account to effectuate the extension.
Deadline Extension
The board decided to extend the deadline for the business combination by one month.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account for the extension.
Loan Repayment
If an initial business combination occurs, the loan from Nabors Lux will be repaid from the Trust Account.
- The extension provides NETD with additional time to complete the business combination, indicating the company's commitment to finalizing the deal.
- The deposit into the trust account shows financial support toward completing the transaction, instilling confidence in shareholders and stakeholders.
With the deadline extension and financial support from Nabors Lux, Nabors Energy Transition Corp. II is moving closer to finalizing its business combination with e2Companies LLC.