Nabors Energy Transition Corp. II (NETD) announced an extension of the business combination deadline by one month.
The extension provides more time to complete the initial business combination with e2Companies LLC.
An affiliate of Nabors Lux made a $250,000 deposit to facilitate the extension.
Deadline Extension
The deadline for the business combination was extended by one month from August 18 to September 18, 2025.
Extension Payment
Nabors Lux, an affiliate, deposited $250,000 into NETD's trust account to support the extension.
Loan Repayment
If the business combination happens, the loan will be repaid from the Trust Account proceeds or converted into warrants for $1.00 per warrant.
- The extension provides NETD with more time to secure the business combination with e2Companies LLC.
- This move shows the commitment of NETD to finalizing the initial business combination effectively.
- Investors should monitor the progress closely as the new deadline approaches.
The extension of the deadline signals ongoing progress towards the business combination, highlighting the dedication of Nabors Energy Transition Corp. II.