Nabors Energy Transition Corp. II (NETD) has extended the deadline for a business combination by one additional month.
The extension allows NETD more time to complete its initial business combination with e2Companies LLC (e2).
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 to enable the extension.
Deadline Extension
The deadline for the business combination was extended by one month from August 18 to September 18, 2025.
Extension Payment
Nabors Lux, an affiliate of the Sponsor, loaned $250,000 for the extension.
Repayment Options
If the business combination occurs, the loan will be repaid or converted into warrants for $1.00 per warrant.
- The extension provides NETD with additional time to finalize the business combination with e2, ensuring thorough preparation and due diligence.
- The deposit of $250,000 demonstrates the commitment of the affiliate in facilitating the extension.
This extension showcases NETD's dedication to completing a successful business combination with e2, emphasizing their commitment to advancing energy transition solutions.