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Nabors Energy Transition Corp. - $NETC STOCK NEWS

Welcome to our dedicated page for Nabors Energy Transition news (Ticker: $NETC), a resource for investors and traders seeking the latest updates and insights on Nabors Energy Transition stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nabors Energy Transition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nabors Energy Transition's position in the market.

News
Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Thermal Power Company
Rhea-AI Summary
Vast Renewables Limited (VSTE) Completes Business Combination with Nabors Energy Transition Corp. and Begins Trading on Nasdaq
Rhea-AI Impact
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2.62%
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Nabors Energy Transition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Initial Business Combination
Rhea-AI Summary
Nabors Energy Transition Corp. (NETC) approved an extension of the date for its initial business combination, allowing the board to extend the date up to three times for an additional one month each time, by depositing $200,000 for each Monthly Extension Period. The Company will file the Extension Amendment if the Business Combination with Vast Renewables Limited is not consummated by December 18, 2023.
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Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Rhea-AI Summary
Nabors Energy Transition Corp. (NETC) has extended the date for its business combination with Vast Renewables Limited by one month, allowing more time to complete the transaction. The extension was made possible by a deposit of $295,519.23 into NETC's trust account by Nabors Lux, enabling the company to effectuate the Extension. If the business combination is completed, the loans will be repaid from the proceeds of the Trust Account or converted into warrants. If not, repayment will come from funds held outside of the Trust Account.
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Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
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Nabors Energy Transition Corp. extends business combination deadline with Vast Solar Pty Ltd.
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Vast Receives Equity Commitment for up to USD $10 Million From Canberra Airport Group
Rhea-AI Summary
Canberra Airport Group commits to purchasing $5 million of Vast ordinary shares and potentially another $5 million, recognizing the potential for Vast's technology to produce low-cost sustainable aviation fuels. Vast's CSP v3.0 technology receives significant support from ARENA. The investment will help accelerate the global implementation of Vast's technology for decarbonization.
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Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Rhea-AI Summary
Nabors Energy Transition Corp. extends business combination deadline to October 18, 2023. Nabors Lux deposits $295,519.23 into Trust Account for extension. Loans to be repaid from Trust Account proceeds or converted into $1.00 warrants if business combination is completed.
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Vast, a world-leader in concentrated solar thermal power (CSP), appoints experienced CSP executive Federico Sandoval as Project Director for VS1 in South Australia
Rhea-AI Summary
Vast Solar appoints Federico Sandoval as Project Director for VS1, a 30MW / 288MWh CSP project in Port Augusta, South Australia. The Australian government will support the project with up to A$110m in concessional financing and up to A$65 million of grant funding from ARENA.
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2.63%
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Vast Announces Appointment of Mark Smith as Chief Financial Officer
Rhea-AI Summary
Vast Solar appoints Mark Smith as CFO, bringing extensive industry experience and expertise. Smith will play a key role in driving international deployment of Vast's modular CSP v3.0 technology. Vast's CSP v3.0 technology has received up to AUD$65 million in funding from the Australian government.
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Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Rhea-AI Summary
Nabors Energy Transition Corp. (NETC) has extended the deadline for its business combination with Vast Solar Pty Ltd by one month, from August 18, 2023, to September 18, 2023. To enable the extension, Nabors Lux 2 S.a.r.l. has deposited $295,519.23 into NETC's trust account. If the business combination is completed, the loans will be repaid from the proceeds of the Trust Account or converted into warrants. If the business combination does not occur, the loans will be repaid from funds held outside of the Trust Account.
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End-of-Day
0.84%
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Vast, a world-leader in concentrated solar thermal power, announces partnership with CYD to model molten salt tank performance as VS1 project moves forward
Rhea-AI Summary
Vast Solar announces partnership with Contratos y Diseños Industriales (CYD) to develop Avatar Model for molten salt tank operation in VS1, its 30MW/288MWh CSP project in Port Augusta, South Australia. The project is projected to create green manufacturing jobs and has received up to AUD$65 million in funding from the Australian Renewable Energy Agency (ARENA). CYD's Avatar Model will simulate and optimize the construction and operation of the thermal energy storage tanks.
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Nabors Energy Transition Corp.

NYSE:NETC

NETC Rankings

N/A Ranked by Market Cap
#1406 Ranked by Stock Gains
N/A Ranked by Dividends

NETC Stock Data

184.26M
8.00M
0.04%
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