Nabors Energy Transition Corp. II has decided to extend the deadline for its business combination with e2Companies LLC.
The extension provides NETD with additional time to complete the initial business combination.
Nabors Lux, an affiliate of the Sponsor, deposited $250,000 to enable the extension.
Deadline Extension
The initial business combination deadline has been extended by one month from August 18 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 completed, the loan will be repaid from the Trust Account proceeds or converted into warrants at $1.00 per warrant.
Target Focus
NETD seeks businesses or entities advancing energy transition, focusing on carbon emission reduction and global energy markets.
- The extension provides room for further negotiations and due diligence with e2Companies LLC.
- Deposit of the Extension Payment indicates commitment towards completing the planned business combination.
The extension of the deadline emphasizes the strategic approach of Nabors Energy Transition Corp. II towards achieving its business combination goals and commitment to advancing the energy transition sector.