Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline to complete a business combination with e2Companies LLC.
The board of directors elected to extend the date from August 18, 2025, to September 18, 2025, providing more time for the merger process.
An affiliate of the Sponsor deposited $250,000 into NETD's trust account to effectuate the extension.
Extension of Deadline
The deadline for the business combination with e2Companies LLC was extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux, an affiliate of the Sponsor, loaned $250,000 to NETD to facilitate the extension.
Loan Repayment
If the business combination occurs, the loan will be repaid from the proceeds of the Trust Account; otherwise, repayment will be from external funds.
- The extension provides NETD with additional time to finalize the merger, indicating a commitment to completing the business combination.
- Depositing funds into the trust account demonstrates financial support for the extension and highlights the Sponsor's involvement in the process.
The extension of the deadline showcases NETD's dedication to ensuring a successful business combination with e2Companies LLC. The deposit into the trust account underscores the financial commitment to the merger process.