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Vast Renewables (Nabors Energy Transition) Priced, NYSE: VSTE

Blank check company formed by Nabors Industries targeting the energy transition space (completed 12/18/2023).

Industry: SPAC

Latest Trade: $3.46 0.00 (0.0%)

First Day Return: +1.1%

Return from IPO: -65.4%

Industry: SPAC

We are a newly organized blank check company. In cooperation with Nabors, we intend to identify solutions, opportunities, companies or technologies that facilitate, improve or complement the ongoing global energy sector’s shift from fossil-based systems of energy production and consumption -- including oil, natural gas and coal -- to renewable energy sources such as geothermal energy or hydrogen, which support the transition towards a low- or no-carbon emitting future and reduce greenhouse gas ("GHG") emissions as energy consumption continues to rapidly grow, which is known as the "energy transition." We intend to prioritize environmental, social and governance ("ESG") factors advancing the energy transition. Specific sectors on which we intend to focus include alternative energy, energy storage, emissions reduction and carbon capture, utilization and sequestration ("CCUS"). We intend to leverage Nabors’ particular energy transition experience and its expertise developing and deploying discrete, mobile assets, advanced technologies and applications, such as digital controls and analytics, globally as well as the commercial, operational and financial expertise and industry relationships of our directors and executive officers to effectively identify and execute on investment opportunities.
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IPO Data
IPO File Date 06/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/16/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Wells Fargo Securities
Company Data
Headquarters Houston, TX, United States
Founded 2021
Employees 4
Website www.nbrspac.com

Vast Renewables (Nabors Energy Transition) (VSTE) Performance