Nabors Energy Transition Corp. II announced an extension of the deadline for its business combination with e2 Companies LLC.
The board of directors decided to extend the deadline by one month, from August 18, 2025, to September 18, 2025.
This extension provides more time for the completion of the initial business combination.
Extension of Deadline
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 completed, the loan will be repaid from the proceeds of the Trust Account.
Purpose of NETD
NETD is a blank check company focused on advancing energy transition technologies and solutions.
- The extension allows NETD more time to finalize the business combination, indicating a commitment to completing the deal.
- This move provides reassurance to shareholders and stakeholders about the progress of the merger with e2 Companies LLC.
The extension of the deadline and the actions taken by Nabors Energy Transition Corp. II demonstrate strategic planning and flexibility in navigating the business combination process.