Nabors Energy Transition Corp. II (NETD) has extended the deadline for completing its business combination by one month.
The extension provides NETD with additional time to finalize the merger with e2Companies LLC.
Nabors Lux 2 S.a.r.l. deposited $250,000 to enable this extension through a non-interest-bearing loan.
Deadline Extension
The deadline for NETD's business combination has been moved from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux's $250,000 deposit in NETD's trust account enabled the deadline extension.
Loan Repayment
If the business combination proceeds, 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 ensure a successful business combination.
- This move showcases the commitment of NETD and its affiliates to completing the merger with e2Companies LLC.
Investors should closely follow the progress of NETD's business combination with e2Companies LLC as the deadline extension indicates ongoing efforts to solidify the merger.