Nabors Energy Transition Corp. II (NETD) has announced an extension of the deadline to complete its business combination with e2Companies LLC.
The board of directors elected to extend the deadline by one month, giving NETD additional time for the transaction.
Nabors Lux deposited $250,000 into the trust account to enable the extension.
Deadline Extension
The business combination deadline extended from August 18 to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 to facilitate the extension.
Loan Repayment
NETD will repay the loan from the Trust Account proceeds upon a successful business combination or with external funds if the deal falls through.
Blank Check Company
NETD was formed to seek a merger or similar business combination, focusing on energy transition solutions that reduce carbon emissions.
- The extension provides NETD and e2 more time for due diligence and negotiations.
- Shareholders may benefit from the careful consideration and additional time to finalize the business combination.
The extension signals NETD's commitment to completing a strategic and successful business combination with e2Companies LLC, aligning with its mission of advancing energy transition solutions.