Nabors Energy Transition Corp. II announced the extension of the deadline to complete the business combination with e2Companies LLC.
The extension provides NETD with additional time until September 18, 2025, to finalize the merger.
Nabors Lux 2 S.a.r.l., an affiliate of the Sponsor, deposited an Extension Payment of $250,000 into NETD's trust account to facilitate the extension.
Deadline Extension
The business combination deadline extended from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux deposited $250,000 to enable the deadline extension.
Repayment Options
If the merger occurs, the loan for the extension will be repaid from the Trust Account or converted into $1.00 warrants.
- The extension provides NETD with flexibility and additional time to finalize the merger with e2Companies LLC.
- The financial injection from Nabors Lux indicates commitment to completing the business combination,
The deadline extension reflects strategic planning and commitment to completing the merger, offering shareholders additional transparency and confidence. Investors should monitor further updates on the merger progress.