NETC SEC filings, in plain English
Everything Nabors Energy Transition Corp. has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2023-04-20deadline 2023-08-18 → 2023-12-18
combination deadline1 moved
- Combination deadline
- 2023-08-182023-12-18
SpacBrain reads this as 122 days later than the previous record.
The clause …“with extending the period that the Company has to consummate an initial Business Combination; WHEREAS, if a Business Combination is not consummated by December 18, 2023, upon the request of Nabors Energy Transition Sponsor LLC”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Nabors Energy Transition Corp. issued definitive merger materials for a special meeting at 11:00 a.m. Eastern Time on December 13, 2023, held online, on the Business Combination Agreement dated February 14, 2023 with Vast Renewables Limited, an Australian public company, and Neptune Merger Sub, Inc. Merger Sub merges into NETC, which continues as the surviving corporation and a wholly owned subsidiary of Vast. The document is also a prospectus for 44,280,641 Vast ordinary shares and 27,530,000 warrants to purchase Vast ordinary shares. Why it matters: The target's share count is engineered to a fixed number before the merger: Vast converts its management equity plan shares, converts AgCentral's notes and loan balances into ordinary shares, and then applies a Vast Split Adjustment so that exactly 20,500,000 Vast ordinary shares are outstanding immediately before the effective time. NETC's public Class A shares convert at the Exchange Ratio, but the Sponsor's Class F and Class B shares are collectively exchanged for a fixed 2,825,000 Vast ordinary shares, so the sponsor's stake does not move with the ratio public holders receive.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2024-02-14
SpacBrain reads this as the agreement may be terminated from 2024-02-14.
The clause “Lux relating to the purchase of $2.5 million of Senior Convertible Notes; • “ Outside Date ” are to February 14, 2024; • “ PIPE Financing ” are to (i) the private offering of the Vast Ordinary Shares to AgCentral and Nabors Lux for a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $284.8M · unchanged
- Combination deadline
- 2024-01-01 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 9.85M · unchanged
The clause …“2023 and December 31, 2022, the Company had approximately $ 106.9 million and $ 284.8 million held in the Trust Account, respectively. The Company’s portfolio of investments is comprised solely of U.S. government securities, within the”…
The clause …“for $ 186,932,568 and may redeem additional shares in the future. If the Vast Business Combination is completed (or if the Company does not completely liquidate before January 1, 2024), the redemptions that occurred in May 2023 as well”…
The clause …“Business Combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. As of September 30, 2023, no adjustments have been made to the carrying amounts”…
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 9,850,641 and 27,600,000 shares subject to possible redemption, respectively) — — Class B common stock, $ 0.0001 par value; 50,000,000 shares authorized;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.