Nabors Energy Transition Corp. II (NETD) announced the extension of the deadline to complete its business combination by one month.
The board of directors elected to extend the deadline to September 18, 2025, allowing more time for the business combination with e2Companies LLC.
An affiliate of the Sponsor deposited $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The business combination deadline was extended from August 18 to September 18, 2025.
Funding for Extension
An affiliate of the Sponsor provided $250,000 to facilitate the deadline extension.
Repayment Options
If the business combination is completed, the loan will be repaid or converted into warrants for $1.00 per warrant.
- The extension provides NETD with more time to finalize the business combination, indicating a commitment to completing the deal.
- The additional funding injected into the trust account demonstrates confidence in the potential success of the business combination.
The extension of the deadline with added funding signals progress towards completing the business combination, highlighting the commitment of Nabors Energy Transition Corp. II.