Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline to complete its business combination.
The board of directors has extended the deadline by one month, from August 18, 2025, to September 18, 2025.
The extension allows NETD more time to finalize the initial business combination with e2Companies LLC.
Extension of Deadline
Deadline extended for business combination by one month.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Loan Repayment
If the business combination occurs, the loan will be repaid from the proceeds or converted into warrants.
Focus on Energy Transition
NETD seeks businesses focusing on advancing energy transition and reducing carbon emissions globally.
Important Information
Communication does not constitute an offer to sell securities or a solicitation of votes.
- The extension provides NETD with flexibility to ensure a successful business combination.
- Nabors Lux's financial support demonstrates commitment to the transaction's completion.
The extension of the deadline and financial support from Nabors Lux underline the company's dedication to finalizing the business combination with e2Companies LLC, aligning with NETD's goal of advancing the energy transition.