Nabors Energy Transition Corp. II has extended the deadline for completing its business combination with e2Companies LLC.
The extension provides NETD with additional time to finalize the transaction, benefiting both the company and its shareholders.
Nabors Lux deposited $250,000 into NETD's trust account to enable and effectuate the extension.
Deadline Extension
NETD extended the deadline for the business combination by one month, from August 18 to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into the trust account to facilitate the extension.
Loan Details
Nabors Lux provided a non-interest-bearing loan for the Extension Payment, to be repaid upon completing the business combination.
- The extension provides NETD the necessary time to finalize the business combination without rushing the process.
- The deposit into the trust account shows commitment to completing the transaction in the best interest of shareholders.
The extension of the deadline and deposit into the trust account demonstrate NETD's dedication to completing the business combination successfully, ensuring a smoother transition for shareholders and stakeholders.