Nabors Energy Transition Corp. II has extended the deadline to complete its business combination by one month.
The extension provides the company with additional time to finalize its initial business combination with e2Companies LLC.
Nabors Lux deposited $250,000 as an extension payment into NETD's trust account to facilitate this extension.
Extension of Deadline
The deadline for the business combination has been extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment Deposit
Nabors Lux, an affiliate, provided $250,000 as an extension payment to ensure the completion of the business combination.
Loan Repayment
If the business combination is successful, the loan will be repaid from the Trust Account or converted into warrants at $1.00 per warrant.
- The extension provides NETD with more time to finalize the significant business combination with e2Companies LLC.
- This move showcases the company's commitment to completing the merger successfully and in the best interest of its shareholders.
The extension of the deadline and the deposit made by Nabors Lux demonstrate the dedication of Nabors Energy Transition Corp. II to achieving a successful business combination with e2Companies LLC.