Nabors Energy Transition Corp. II announced the extension of the deadline to complete the 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.
The extension provides NETD with additional time to finalize the initial business combination.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to enable the extension.
Repayment Terms
If NETD consummates the business combination, it will repay the loan out of the Trust Account proceeds.
Target Focus
NETD focuses on companies advancing energy transition and reducing carbon emissions globally.
- The extension allows NETD the necessary time to ensure a thorough and successful business combination with e2Companies LLC.
- This strategic move demonstrates NETD's commitment to finalizing a deal that aligns with its core focus on energy transition technologies.
The deadline extension signifies a pivotal moment for NETD in advancing its business combination plans and furthering its commitment to the energy transition sector.