Nabors Energy Transition Corp. II (NETD) announced the extension of the deadline to complete a business combination with e2Companies LLC.
The extension provides NETD extra time to finalize the initial business combination.
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 to facilitate the extension.
Deadline Extension
The deadline to complete the business combination extended by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 to NETD's trust account to effectuate the extension.
Loan Repayment
If the business combination occurs, the loan will be repaid from the Trust Account proceeds or converted into warrants.
- The extension allows NETD more time to finalize the business combination.
- Investors have additional time to analyze the potential merger with e2Companies LLC.
- The loan repayment options provide flexibility to the Sponsor in case of different outcomes.
The extension of the business combination deadline showcases NETD's dedication to completing the merger with e2Companies LLC. This strategic move provides clarity and flexibility in the merger process.