Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline for its business combination with e2Companies LLC.
The board of directors elected to extend the deadline by one additional month, providing more time for the completion of the business combination.
An affiliate of the Sponsor deposited $250,000 into NETD's trust account as an extension payment.
Deadline Extension
The business combination deadline extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Loan Repayment
If the business combination is successful, the loan from Nabors Lux will be repaid from the Trust Account proceeds.
Purpose of NETD
NETD is a blank check company focused on advancing energy transition solutions globally.
- The extension provides NETD the necessary time to finalize the business combination with e2Companies LLC.
- The deposit of $250,000 by Nabors Lux demonstrates commitment to completing the transaction smoothly.
The extension of the deadline reflects the strategic approach taken by Nabors Energy Transition Corp. II to ensure a successful business combination. Shareholders are advised to stay updated on further developments through official filings.