Nabors Energy Transition Corp. II (NETD) announced an extension of the deadline to complete a business combination.
The board of directors extended the deadline by one month, from August 18, 2025, to September 18, 2025.
This extension provides NETD with additional time to finalize its business combination with e2Companies LLC.
Deadline Extension
The board extended the deadline for business combination by one month.
Extension Payment
Nabors Lux deposited $250,000 into NETD's trust account for the Extension.
Loan Repayment
If the business combination is completed, the loan will be repaid from the proceeds.
- The extension allows NETD more time to ensure a successful business combination.
- The deposit into the trust account secures the financial aspect of the extension.
NETD's decision to extend the deadline showcases their commitment to finalizing the business combination successfully. Shareholders and investors should follow the updates closely for further developments.