Nabors Energy Transition Corp. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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| Item 8.01 | Entry into a Material Definitive Agreement. |
On December 13, 2023, Capital Airport Group (“CAG”), committed to invest an additional $2.0 million in the ordinary shares of Vast Renewable Limited, an Australian public company limited by shares (f/k/a Vast Solar Pty Ltd) (“Vast”). This is in addition to CAG’s previously announced $5.0 million commitment. CAG and Vast agreed that CAG’s purchase of Class A common stock of Nabors Energy Transition Corp. (“NETC”) from existing NETC stockholders who previously elected to redeem their shares in connection with the business combination and whose redemption election would be reversed will count towards satisfying CAG’s capital commitments. In connection with CAG’s investment, CAG will receive an additional 129,911 ordinary shares of Vast at the closing of the business combination.
The description of the transactions described above is qualified in its entirety by reference to the full text of the related agreement, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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Exhibit No. |
Description |
| 99.1 | Non-Redemption Agreement, dated December 13, 2023, by and among the Company, Vast and CAG. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: December 14, 2023 | NABORS ENERGY TRANSITION CORP. | |
| By: | /s/ Anthony G. Petrello | |
| Name: | Anthony G. Petrello | |
| Title: | President, Chief Executive Officer and Secretary | |
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