Nabors Energy Transition II extends deadline to complete business combination

Nabors Energy Transition II (NETD) has elected to extend the date by which NETD has to consummate a business combination by one additional month from July 18 to August 18, 2025. The extension provides NETD with additional time to complete its initial business combination with e2Companies. In connection with the Extension, Nabors Lux, an affiliate of Nabors Energy Transition Sponsor II, has deposited $250K into NETD’s trust account for its public shareholders, which enables NETD to effectuate the Extension. Nabors Lux loaned the Extension Payment to NETD through a non-interest-bearing loan. If NETD consummates an initial business combination, it will repay the loan out of the proceeds of the Trust Account or, at the option of the Sponsor, convert all or a portion of the loan into warrants for $1.00 per warrant. If NETD does not consummate an initial business combination, it will repay the loan only from funds held outside of the Trust Account.