Nabors Energy Transition Corp. II (NETD) has extended the deadline for its business combination with e2Companies LLC by one month.
The extension provides NETD with additional time to finalize the merger.
An affiliate of the Sponsor 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 from August 18 to September 18, 2025.
Extension Payment
Nabors Lux, an affiliate, loaned $250,000 to NETD for the extension out of the Trust Account.
- The extension allows NETD to further pursue the initial business combination with e2.
- This move provides more time for due diligence and negotiations, potentially enhancing the outcome of the merger.
The extension of the deadline demonstrates NETD's commitment to completing a strategic and beneficial business combination with e2.