Nabors Energy Transition Corp. II announced an extension of the deadline to complete its business combination with e2Companies LLC.
The board of directors elected to extend the date by one additional month, from August 18, 2025, to September 18, 2025.
This extension provides NETD with more time to finalize the initial business combination.
Extension Payment by Nabors Lux
Nabors Lux deposited $250,000 into NETD's trust account to effectuate the extension.
Loan Repayment Options
NETD will repay the loan from the Trust Account proceeds or convert it into warrants at the Sponsor's option.
Focus on Energy Transition
NETD targets businesses focusing on advancing the energy transition and reducing carbon emissions globally.
- The extension reflects NETD's commitment to completing the business combination with e2Companies LLC.
- It demonstrates the company's flexibility and dedication to ensuring a successful transaction.
NETD's decision to extend the deadline showcases its strategic approach towards finalizing the business combination with e2Companies LLC, emphasizing the importance of the energy transition focus in its investment strategy.