Vast Renewables announced the completion of its business combination with Nabors Energy Transition, an affiliate of Nabors Industries (NYSE: NBR). Vast is an Australia-based solar energy company.
Stock and warrants begin trading today on the Nasdaq under the ticker symbols VSTE and VSTEW.
The parties in October waived a $50 million minimum cash closing condition, which helped offset heavy redemptions since the SPAC’s $240 million IPO in November 2021. Nabors was down to 91,366 Class A shares outstanding following the merger vote. Read more.