Nabors Energy Transition Corp. II Extends Deadline for Business Merger Completion

Nabors Energy Transition Corp. II Announces Deadline Extension

Nabors Energy Transition Corp. II (Nasdaq: NETD) has officially announced an extension to its deadline for completing a crucial business combination with e2Companies LLC, furthering its commitment to energy transition solutions. This announcement comes from the company’s board of directors, which has decided to shift the deadline by one month, moving it from August 18, 2025, to September 18, 2025.

The decision to extend this timeframe is permitted under NETD’s amended memorandum and articles of association. The extension offers the company additional time to finalize plans for its initial business combination with e2, which is aimed at enhancing energy solutions that reduce carbon and greenhouse gas emissions.

In related news, Nabors Lux 2 S.a.r.l., an affiliate of Nabors Energy Transition Sponsor II LLC, has made a significant move by depositing $250,000 into NETD’s trust account. This extension payment will allow NETD to secure this additional month while working on the business merger. The funds were provided to NETD through a non-interest-bearing loan, which will be repaid from the proceeds of the trust account if the initial business combination is successful. Alternatively, the sponsor has the option to convert the loan into warrants at a price of $1.00 each.

Commitment to Energy Transition

NETD is classified as a blank check company that primarily aims to engage in business combinations that emphasize advancing energy transition solutions. The company specifically seeks out entities that focus on technologies and strategies that facilitate the transition towards cleaner energy sources. By concentrating on companies that contribute to decreasing carbon emissions globally, NETD aims to align itself with sustainable business practices.

This extension provides NETD with the necessary time to ensure the success of its merger with e2, a company recognized for its innovative approaches to energy solutions. The merger's goal is to create a leading entity within the energy sector that not only deals with traditional energy concerns but also aims to tackle environmental challenges related to energy consumption.

Future Steps and Shareholder Engagement

As part of the ongoing process, NETD intends to file a Registration Statement on Form S-4 with the Securities and Exchange Commission (SEC). This important filing will include a preliminary prospectus and a proxy statement related to the transactions surrounding the proposed merger with e2. Shareholders are encouraged to closely monitor these developments once the documents become available, as they will contain key information regarding the merger.

Investors are reminded that the Registration Statement will detail the terms and conditions of this business combination and provide them with necessary information to make informed voting decisions. It will also include insights into the anticipated benefits of the merger and the projected financial implications for NETD and e2 post-transaction.

Risk Factors and Expectations

As with any business combination, there are inherent risks and uncertainties. NETD has acknowledged various factors that could influence the successful consummation of the merger, including shareholder approvals and the fulfillment of regulatory requirements. Potential market fluctuations and changes in economic conditions are also critical considerations that could impact the timing and outcome of the proposed transaction.

Conclusion

In summary, Nabors Energy Transition Corp. II is taking structured steps to enhance its merger ambitions through a strategic deadline extension, ensuring that it remains aligned with the evolving energy landscape. With the goal of meeting the needs of sustainable energy development, NETD aims to assemble a combined expertise through its partnership with e2, projecting a commitment to innovation and growth in energy transition solutions. Constituents of both companies are encouraged to remain informed through official SEC filings and updates from NETD as the process unfolds.