Nabors Energy Transition Corp. II (NETD) has extended the deadline for its business combination by one month.
The extension provides NETD with additional time to finalize its initial business combination with e2Companies LLC.
Nabors Lux deposited $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The deadline for the business combination has been extended by one month to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 into the trust account to enable the extension.
Loan Repayment
If the business combination is successful, the loan will be repaid from the proceeds of the Trust Account or converted into warrants.
Focus on Energy Transition
NETD focuses on identifying businesses or technologies that advance the energy transition and reduce carbon emissions globally.
- The extension allows NETD more time to finalize a potentially significant business combination with e2Companies LLC.
- Investors should note the strategic importance of this extension in completing the planned merger and its implications for the future operations of NETD.
The extension of the business combination deadline demonstrates NETD's commitment to completing a successful merger with e2Companies LLC, emphasizing its dedication to advancing the energy transition and reducing carbon emissions.