Nabors Energy Transition Corp. II 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.
This extension provides NETD with more time to finalize the initial business combination.
Deadline Extension
The deadline for the business combination has been extended by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account, enabling the extension to take place.
Loan Details
NETD received a non-interest-bearing loan from Nabors Lux, to be repaid from the proceeds of the Trust Account upon completing the business combination.
Focus of NETD
NETD is focused on identifying solutions that advance energy transition and reduce carbon emissions globally.
- The extension provides NETD with additional flexibility and time to ensure a successful business combination.
- Nabors Lux's support through the loan demonstrates confidence in NETD's future prospects and deal completion.
The deadline extension and financial support from Nabors Lux indicate a positive outlook for NETD's upcoming business combination with e2Companies LLC, reinforcing the company's commitment to advancing the energy transition sector.