<a href="https://laohu8.com/S/NETDU">Nabors Energy Transition Corp. II</a> and e2Companies Announce Settlement Agreement, Terminate Previous Merger Deal
Nabors Energy Transition Corp. II, through its subsidiary Liffey Merger Sub, LLC, has entered into a Settlement Agreement and Release with e2Companies LLC. As part of the agreement, e2 issued a secured promissory note totaling $29.23 million to Nabors Energy Transition Corp. II. The note is split into two tranches: $14.615 million maturing on March 31, 2026-with $3.5 million required to be prepaid by December 31, 2025-and $14.615 million maturing on October 14, 2028. The agreement also results in the mutual dismissal of all claims related to previously disclosed litigation and the termination of the earlier Business Combination Agreement between the parties. If Nabors Energy Transition Corp. II completes a business combination before the maturity of the second tranche, any remaining principal on that note will be cancelled, although accrued interest will remain payable.
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