Nabors Energy Transition Corp. II has extended the deadline for its business combination with e2Companies LLC by one month.
The extension provides NETD more time to finalize the initial business combination.
An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The deadline for the business combination has been moved from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to enable the deadline extension.
Loan Repayment
If the business combination is completed, the loan will be repaid out of the trust account proceeds or converted into $1.00 warrants.
Business Focus
NETD focuses on companies advancing the energy transition, particularly those reducing carbon emissions globally.
- The extension provides breathing room for NETD to finalize the business combination with e2Companies LLC.
- Investors may view the deposit into the trust account as a show of commitment towards completing the deal.
With the deadline extension and additional time, NETD aims to close the business combination successfully.