Nabors Energy Transition Corp. II extends the business combination deadline by one month to September 18, 2025.
The extension allows more time for the completion of a business combination with e2Companies LLC.
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 to enable the extension.
Extension of Deadline
The board extended the business combination deadline to allow for a more efficient process.
Deposit for Extension
Nabors Lux, an affiliate, loaned $250,000 to facilitate the extension process.
Repayment or Warrant Conversion
If the business combination is completed, the loan will be repaid from the Trust Account or converted into warrants.
- The extension provides NETD with additional time to finalize the business combination, ensuring thorough due diligence.
- The deposited fund secures the extension, indicating a commitment to completing the intended business transaction.
With the extended deadline, Nabors Energy Transition Corp. II has set the stage for a strategic and well-thought-out business combination with e2, driving towards their goal of advancing the energy transition.