Nabors Energy Transition Corp. II has announced the extension of the deadline for its business combination with e2Companies LLC.
The board of directors elected to extend the date by one month, providing additional time for the completion of the deal.
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 for the business combination has been extended by one month from August 18 to September 18, 2025.
Extension Payment
Nabors Lux, through a non-interest-bearing loan, deposited $250,000 into NETD's trust account for the extension.
Loan Repayment
If the business combination is completed, the loan will be repaid from the proceeds in the Trust Account.
- The extension allows NETD more time to finalize the business combination with e2Companies LLC.
- Investors and shareholders should closely monitor the developments surrounding the extended deadline.
The extension of the business combination deadline provides NETD with the necessary flexibility to ensure a successful deal with e2Companies LLC.