Nabors Energy Transition Corp. II (NETD) announced the extension of the deadline for completing a business combination by one month.
The extension provides NETD with additional time to finalize its initial business combination with e2Companies LLC (e2).
A non-interest-bearing loan of $250,000 has been deposited by Nabors Lux 2 S.a.r.l. into NETD's trust account to facilitate the extension.
Deadline Extension
NETD extended the business combination deadline by one month, offering more time for finalization.
Financial Assistance
Nabors Lux provided a non-interest-bearing loan of $250,000 to support the deadline extension.
Trust Account
The loan deposited into NETD's trust account will be repaid from the proceeds of the business combination.
- The extension allows NETD to continue negotiations and finalize details of the business combination with e2.
- The financial support from Nabors Lux ensures that NETD has the necessary funds to complete the transaction.
With the deadline extension and financial support from Nabors Lux, NETD is in a stronger position to complete the business combination with e2 and advance towards its goals in the energy transition sector.