Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline for its business combination with e2Companies LLC.
The extension provides NETD with additional time to complete the initial business combination.
Nabors Lux, an affiliate of Nabors Energy Transition Sponsor II LLC, deposited $250,000 into NETD's trust account to effectuate the extension.
Deadline Extension
The deadline to complete the business combination has been extended by one additional month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux loaned $250,000 to NETD through a non-interest-bearing loan to facilitate the extension.
Loan Repayment
If the business combination is completed, the loan will be repaid from the Trust Account or converted into warrants at $1.00 per warrant.
- The extension allows NETD more time to finalize the business combination, indicating the deal complexity or unforeseen circumstances.
- Nabors Lux's financial support highlights its commitment to completing the transaction with e2Companies LLC.
The extended deadline provides NETD with the necessary flexibility to ensure a successful business combination with e2Companies LLC, showcasing their dedication to driving advancements in energy transition.