Nabors Energy Transition Corp. II has decided to extend the deadline for its business combination by one month.
The board of directors approved the extension, providing more time for the company to finalize the business combination with e2Companies LLC.
An affiliate of Nabors Energy Transition Sponsor II LLC deposited $250,000 into the trust account to enable the extension.
Extension of Deadline
The deadline for the business combination has been extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 as the extension payment into NETD's trust account for public shareholders.
Purpose of the Extension
The extension allows NETD additional time to complete the initial business combination with e2Companies LLC.
- The extension provides flexibility to NETD in finalizing the business combination process.
- Shareholders have more time to evaluate the potential benefits of the merger with e2Companies LLC.
The extension of the deadline for the business combination reflects the company's commitment to ensuring a thorough and successful process.