Nabors Energy Transition Corp. II (NETD) announced the extension of the deadline to complete a business combination by one additional month.
The extension provides NETD with more time to finalize the initial business combination with e2Companies LLC.
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The deadline for the business combination has been extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux, an affiliate of NETD, provided $250,000 as the Extension Payment to support the deadline extension.
Trust Account
The Extension Payment from Nabors Lux was deposited into NETD's trust account for public shareholders to utilize.
- The extension allows NETD more time to finalize the business combination with e2, ensuring a thorough evaluation process.
- The deposit into the trust account reflects the commitment of Nabors Lux to support NETD's strategic decisions and operations.
With the deadline extension and financial support from Nabors Lux, NETD is in a stronger position to successfully complete the business combination with e2, leading to potential growth opportunities in the energy transition sector.