BRIEF-Vast, A Market-Leading Concentrated Solar Power (CSP) Company, To Go Public Through Business Combination With Nabors Energy Transition Corp. Combined Company Expected To Be Listed On The New York Stock Exchange

Reuters2023-02-14

Feb 14 (Reuters) - Nabors Energy Transition Corp

:

* VAST, A MARKET-LEADING CONCENTRATED SOLAR POWER $(CSP)$ COMPANY, TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH NABORS ENERGY TRANSITION CORP.; COMBINED COMPANY EXPECTED TO BE LISTED ON THE NEW YORK STOCK EXCHANGE

* NABORS ENERGY TRANSITION CORP - IMPLIED EQUITY VALUE OF COMBINED CO WILL BE BETWEEN ABOUT USD $305 MILLION AND $586 MILLION DEPENDING ON LEVEL OF REDEMPTIONS

* NABORS ENERGY TRANSITION CORP - VAST IS EXPECTED TO REMAIN HEADQUARTERED IN SYDNEY, AUSTRALIA

* NABORS ENERGY TRANSITION CORP - VAST TO BECOME A PUBLICLY-LISTED COMPANY ON NYSE UNDER TICKER SYMBOL "VSTE"

* NABORS ENERGY TRANSITION CORP - AGCENTRAL ENERGY AND MANAGEMENT WILL ROLL 100% OF THEIR INTERESTS IN VAST INTO COMBINED COMPANY

* NABORS ENERGY TRANSITION CORP - AGCENTRAL ENERGY AND MANAGEMENT WILL ROLL 100% OF THEIR INTERESTS IN VAST INTO COMBINED COMPANY

* NABORS ENERGY TRANSITION CORP - VAST'S EXISTING MANAGEMENT TEAM WILL CONTINUE TO LEAD CO FOLLOWING COMPLETION OF DEAL

* NABORS ENERGY TRANSITION CORP - DEAL EXPECTED TO PROVIDE GROSS PROCEEDS OF UP TO USD $351 MILLION TO VAST

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;;))

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COMBINED COMPANY EXPECTED TO BE LISTED ON THE NEW YORK STOCK EXCHANGE   * NABORS ENERGY TRANSITION CORP - IMPLIED EQUITY VALUE OF COMBINED CO WILL BE BETWEEN ABOUT USD $305 MILLION AND $586 MILLION DEPENDING ON LEVEL OF REDEMPTIONS   * NABORS ENERGY TRANSITION CORP - VAST IS EXPECTED TO REMAIN HEADQUARTERED IN SYDNEY, AUSTRALIA   * NABORS ENERGY TRANSITION CORP - VAST TO BECOME A PUBLICLY-LISTED COMPANY ON NYSE UNDER TICKER SYMBOL \"VSTE\"   * NABORS ENERGY TRANSITION CORP - AGCENTRAL ENERGY AND MANAGEMENT WILL ROLL 100% OF THEIR INTERESTS IN VAST INTO COMBINED COMPANY   * NABORS ENERGY TRANSITION CORP - AGCENTRAL ENERGY AND MANAGEMENT WILL ROLL 100% OF THEIR INTERESTS IN VAST INTO COMBINED COMPANY   * NABORS ENERGY TRANSITION CORP - VAST'S EXISTING MANAGEMENT TEAM WILL CONTINUE TO LEAD CO FOLLOWING COMPLETION OF DEAL   * NABORS ENERGY TRANSITION CORP - DEAL EXPECTED TO PROVIDE GROSS PROCEEDS OF UP TO USD $351 MILLION TO VASTSource text for Eikon:    Further company coverage:   ((Reuters.Briefs@thomsonreuters.com;;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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