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Nabors Energy Transition Corp. II Settles Disputes and Terminates Business Combination Agreement with e2Companies
NETD
Legal Proceedings
Debt Issuance
M&A
- Nabors Energy Transition Corp. II (NETD) and e2Companies, LLC (e2) entered into a Settlement Agreement and Release on October 14, 2025, to resolve disputes and mutually terminate their Business Combination Agreement.
- As part of the settlement, e2 issued a secured promissory note to NETD for an aggregate principal amount of $29.23 million.
- This promissory note consists of two parts: $14.615 million (Fixed Maturity Note) due by March 31, 2026, and another $14.615 million (Payment Event Note) due by October 13, 2028.
- The agreement also includes provisions for potential Trigger Event Payments from e2 to NETD, equal to 6.5% of e2's equity value in excess of $500 million, upon certain events occurring within 24 months of the effective date.
- The parties agreed to dismiss with prejudice the previously disclosed lawsuit, Nabors Energy Transition Corp. II, et al. v. e2Companies, LLC.
Oct 15, 2025, 12:49 PM
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