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Nabors Energy Transition Corp. II Extends Deadline for Business Combination
Nabors Energy Transition Corp. II (NETD) | August 15, 2025
By Xander Turner
Nabors Energy Transition Corp. II (NETD) 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, from August 18, 2025, to September 18, 2025.
The extension provides NETD with additional time to finalize the initial business combination.
Extension of Deadline
The deadline for the business combination has been extended by one month, allowing more time for the process.
Extension Payment
An affiliate of the Sponsor deposited $250,000 as the Extension Payment into NETD's trust account to enable the extension.
Loan Repayment
If the business combination is completed, the loan for the Extension Payment will be repaid from the Trust Account proceeds.
The Extension provides NETD with flexibility and additional time to ensure a successful business combination.
The deposit of the Extension Payment demonstrates commitment and financial stability.
Shareholders can now expect a more thorough and detailed process leading to the business combination.
The extension of the deadline and the financial arrangements indicate a strategic move by Nabors Energy Transition Corp. II to ensure a successful business combination with e2Companies LLC.
