Nabors Energy Transition Corp. II Announces Extension of Deadline to Complete Business Combination
New York, NY – July 17, 2025 – Nabors Energy Transition Corp. II (NYSE: NETC), a special purpose acquisition company focused on opportunities in the energy transition sector, announced today that it has entered into a fifth amendment to its previously executed business combination agreement with the target company. This amendment will extend the deadline by which Nabors Energy Transition Corp. II must complete its initial business combination by an additional three months, from July 21, 2025, to October 21, 2025.
The decision to extend the deadline comes as the company continues to work diligently towards finalizing its proposed business combination. This extension provides Nabors Energy Transition Corp. II with additional time to navigate the remaining regulatory approvals, secure necessary third-party consents, and satisfy other customary closing conditions.
Nabors Energy Transition Corp. II, sponsored by affiliates of Nabors Industries Ltd. (NYSE: NBR), was formed to acquire a business in the energy sector, with a particular emphasis on companies that are well-positioned to benefit from the ongoing global energy transition. The company has been actively seeking a suitable target that aligns with its strategic objectives and offers significant growth potential within this evolving landscape.
The extension of the business combination deadline is a standard procedure for special purpose acquisition companies (SPACs) and reflects the complexities often involved in closing significant transactions. Nabors Energy Transition Corp. II remains committed to identifying and executing a transaction that will deliver value to its shareholders and contribute positively to the energy transition.
Further details regarding the proposed business combination and the agreement to extend the deadline are expected to be disclosed in filings made by Nabors Energy Transition Corp. II with the U.S. Securities and Exchange Commission (SEC). Shareholders are encouraged to review these filings for comprehensive information.
The company’s management expressed its gratitude to its shareholders for their continued support and understanding during this process. They are optimistic about the progress made to date and are focused on completing a successful business combination within the extended timeframe.
Nabors Energy Transition Corp. II Announces Extension of Deadline to Complete Business Combination
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