Nabors Energy Transition Corp. II announces an extension of the deadline to complete the business combination with e2Companies LLC.
The board of directors decided to extend the date from August 18, 2025, to September 18, 2025.
The extension provides NETD with additional time to finalize the initial business combination.
Deadline Extension
Extension of business combination deadline by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to enable the extension.
Loan Repayment
NETD will repay the loan from the proceeds of the Trust Account if the business combination is completed.
- The extension provides flexibility for NETD to complete the business combination effectively.
- Nabors Lux's financial support demonstrates commitment to the transaction's success.
The extension indicates ongoing progress towards the business combination, boosting investor confidence in NETD's future.