What is the market's expected reaction to the extension of the business combination deadline?

Market expectation:

Because the company has pushed the “use‑it‑or‑lose‑it” deadline out by only one month, the market will treat the extension as a modest setback rather than a fundamental reversal of the deal’s value. The –15 sentiment score already flags a mildly bearish tone, and the extra month adds a layer of uncertainty about whether the SPAC will still be able to lock in a credible target. In practice, investors tend to price‑in the risk of a missed deadline, so the extension will initially trigger a downward‑bias in NETD’s equity as traders unwind speculative long positions and re‑price the probability of a successful combination.

Technical & trading take‑aways:

- Price action: On the daily chart, NETD has been hovering near its recent low‑range (≈ $0.85‑$0.90) with modest volume. The extension is likely to push the price toward the next technical support level around $0.80, a zone that has previously held on light‑to‑moderate volume.

- Momentum: The 14‑day RSI is already in the 35‑40 % band, indicating lingering bearish momentum. A break below $0.80 would open the path to the $0.70‑$0.75 “danger zone,” while a bounce above $0.90 could signal that the market is discounting the delay and re‑focusing on the upside of a eventual merger.

- Volume: Expect a short‑term spike in sell‑side volume as position‑sizing adjustments occur; if the sell‑off is shallow (≤ 10 % of the float) and quickly absorbed, it may present a buy‑the‑dip opportunity for risk‑tolerant traders betting on a successful combination before the new August‑18 deadline.

Actionable insight:

- Short‑term: Keep a modest short position or hedge if you are already long, targeting the $0.80 support as a stop‑loss.

- Medium‑term: If the price stabilises above $0.90 and holds on higher‑than‑average volume, consider a re‑entry on pull‑backs (≈ $0.85‑$0.88) with a view to capture upside if the SPAC announces a credible target before the new deadline.

- Watch‑list: Monitor any follow‑up press releases or insider activity; a clear merger candidate before the extended deadline will likely reverse the bearish bias and trigger a rapid rally.