NETC

Nabors Energy Transition Corp

A special purpose acquisition company (SPAC) — a "blank check" company created to raise money and merge with an existing business to take it public — Nabors Energy Transition Corp was sponsored by Nabors Industries, a global oil and gas drilling contractor. It went public in 2021 to back companies working on the shift from fossil fuels to cleaner energy. In December 2023 it merged with Vast Renewables, an Australian maker of concentrated solar thermal power plants, and the combined company began trading on the Nasdaq under the ticker VSTE.