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Nabors Industries announced a business combination agreement between its subsidiary Nabors Energy Transition Corp. II and e2Companies LLC, an AI-powered virtual utility. The financial terms were not disclosed.
e2Companies, a provider of integrated power solutions, announced a business combination with SPAC Nabors Energy Transition Corp. II. The transaction values e2 at a pre-money equity value of $500 million and is expected to close in Q3 2025.
Nabors Energy Transition Corp II, a SPAC formed by Nabors Industries, entered into a business combination agreement with e2Companies, a provider of AI-based Virtual Utility power solutions.