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Vast To Go Public Through Business Combination With 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 Background Image

Vinson & Elkins advised Nabors Energy Transition Corporation, a special purpose acquisition company formed by Nabors Industries Ltd. in 2021, in connection with its entry into a definitive agreement for a business combination with Vast Pty Ltd (“Vast”), a renewable energy company specializing in concentrated solar power energy systems that generate zero-carbon, utility-scale electricity and industrial heat.

The combination would result in Vast becoming a publicly-listed company on the NYSE under the ticker symbol “VSTE”.

The Vinson & Elkins corporate team was led by partners Scott Rubinsky, Doug McWilliams and Ramey Layne and senior associates Jordan Fossee and Alex Lewis, with assistance from associates Elisie Lee, Chase Browndorf, Michelle Yang, Shelby Shearer and Nick Ashipa. Also advising were partners David Peck and Lina Dimachkieh, counsel Peter Rogers and associate Maddie Brown; counsel Rajesh Patel and associate Alexa Chally; partner Dario Mendoza and associates Matt Green and Cassandra Zarate; partner Sean Becker and associate Peter Goetschel; partner Matt Dobbins and associate Simon Willis; counsel Elizabeth Krabill McIntyre; counsel Brian Howard and associate Pete Thomas; partner Hill Wellford and senior associate Ryan Will; partner Damien Lyster and senior associate Mike Malenfant; and partner Sarah Mitchell.

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