Nabors Energy Transition Corp. II (NETD) has announced the extension of the deadline to complete its business combination.
The deadline has been extended by one month, from August 18, 2025, to September 18, 2025, providing more time for the merger with e2Companies LLC (e2).
An affiliate of Nabors Energy Transition Sponsor II LLC has made a $250,000 payment to facilitate the extension.
Deadline Extended
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 to enable the extension.
Loan Repayment
If the business combination is completed, the loan will be repaid from the trust account proceeds.
- The extension allows NETD more time to finalize the merger with e2, indicating ongoing efforts to complete the business combination.
- The $250,000 extension payment demonstrates a commitment to fulfilling the merger obligations and signals confidence in the upcoming transaction.
The extension of the business combination deadline shows a strategic move by Nabors Energy Transition Corp. II to ensure a comprehensive and well-planned merger process with e2Companies LLC. Investors are keenly watching the developments as the new timeline approaches.