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PRNewsWire
3 months ago
Nabors Energy Transition Corp. II Announces Shareholder Approval of Extension of Deadline to Complete Initial Business Combination
HOUSTON , July 16, 2025 /PRNewswire/ -- Nabors Energy Transition Corp. II ("NETD" or the "Company") (Nasdaq: NETD) announced today that its shareholders approved an extension of the date by which it has to consummate its initial business combination, allowing the Company's board of directors, without another shareholder vote, to extend such date from July 18, 2025 up to twelve times for an additional one month each time to July 18, 2026 (or within 36 months from the consummation of NETD's initial public offering) (each such month, a "Monthly Extension Period") by depositing $250,000 for each Monthly Extension Period into the Company's trust account for its public shareholders. The Monthly Extension Periods will provide the Company with additional time to complete its previously announced initial business combination with e2Companies LLC ("e2").