Nabors Energy Transition Corp. II has extended the deadline for completing a business combination with e2Companies LLC by one month.
The extension provides NETD with additional time to finalize the merger agreement.
The board of directors elected to extend the deadline to September 18, 2025.
Extension Details
The extension allows NETD more time to complete the business combination process.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Loan Terms
NETD received a non-interest-bearing loan from Nabors Lux, repayable from trust account proceeds or through warrants.
- The extension indicates ongoing efforts to finalize the merger, showing commitment to completing the business combination.
- Funds deposited into the trust account demonstrate financial support for extending the deadline.
The extension of the deadline provides NETD with the necessary flexibility to ensure a successful business combination with e2Companies LLC.