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
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