Nabors Energy Transition Corp. II (NETD) has announced an extension of the deadline for its business combination with e2Companies LLC.
The extension provides NETD with additional time to finalize the initial business combination.
An affiliate of Nabors Energy Transition Sponsor II LLC has deposited $250,000 into NETD's trust account to facilitate the extension.
Extension of Deadline
The deadline for the business combination has been extended by one month from August 18, 2025, to September 18, 2025.
Extension Payment
Nabors Lux has loaned $250,000 to NETD to enable the extension, to be repaid from the Trust Account or converted into warrants.
Business Focus
NETD seeks to merge or acquire businesses focusing on advancing the energy transition and reducing carbon emissions globally.
- The extension indicates ongoing efforts to finalize the business combination with e2Companies LLC.
- NETD aims to identify solutions that aid in reducing carbon emissions while meeting energy demands across markets.
- Shareholders are informed about the extension, signaling transparency and commitment to completing the transaction.
The extension demonstrates NETD's dedication to completing the business combination, aligning with its focus on energy transition solutions. Shareholders are encouraged to stay informed about further developments regarding the transaction.