Nabors Energy Transition Corp.
Status: Deal Closed
U=S+W/2
W=S@11.50
| IPO Proceeds, $M | $276.00M |
|---|---|
| IPO Date | Nov 17, 2021 |
| CEO | Anthony G. Petrello |
| Left Lead | Citigroup |
| IPO Cash in Trust | 102.0% |
| SPAC Tenor | 15 + 3 + 6 + 4 |
| IPO Sector |
Energy
Companies or technologies that focus on advancing the energy transition; specifically, ones that facilitate, improve or complement the reduction of carbon or greenhouse gas emissions while satisfying growing energy consumption across markets globally. |
| IPO Geography | Global |
| Target Company | Vast Renewables |
| Deal Announced | Feb 14, 2023 |
| Deal Size, $M | $216.70M |
| Deal Sector | Energy |
| Deal Geography | Asia |
| SEC Filings | www.sec.gov |
| Approval Vote | Dec 13, 2023 |
| Amendment Vote | Dec 8, 2023 |
| Closing Date | Dec 18, 2023 |
Formerly NETC
VSTE
VSTEW
| Price | $1.83 |
|---|---|
| Last closing price | $1.94 |
| H/L, today | $1.78 / $1.96 |
| Volume, today | 199,140 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 8 directors & officers
- 43 filings and events
- 2 underwriters
- 1 deal advisors
- 4 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Anthony G. Petrello | 67 | President, CEO, Secretary & Chairman |
| William J. Restrepo | 62 | CFO |
| Guillermo Sierra | 37 | Vice President, Strategic Initiatives—Energy Transition |
| Siggi Meissner | 69 | President, Engineering and Technology |
| John Yearwood | 62 | Director |
| Maria Jelescu Dreyfus | 42 | Director |
| Colleen Calhoun | 55 | Director |
| Jennifer Gill Roberts | 58 | Director |
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Advisors
Underwriters
| Citigroup | Joint BR | 12,000,000 | units |
| Wells Fargo | Joint BR | 12,000,000 | |
| 24,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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