NETD announced the extension of its business combination deadline to September 18, 2025.
The extension provides more time to complete the initial business combination with e2Companies LLC.
A non-interest-bearing loan of $250,000 was deposited by Nabors Lux to facilitate the extension.
Extension of Deadline
The deadline for NETD to finalize the business combination has been extended by one month.
Extension Payment
Nabors Lux deposited $250,000 as the Extension Payment to support the deadline extension.
Purpose of Extension
The extension allows NETD to complete the business combination with e2Companies LLC.
- The deposit of the Extension Payment provides financial support for NETD during the extended period.
- Investors will have additional time to evaluate the progress towards the business combination.
The extension of the deadline offers NETD the opportunity to ensure a comprehensive and successful business combination with e2Companies LLC. Shareholders will benefit from the additional time for evaluation and decision-making.