M&A - Vast Renewables Ltd

Form Type: POS AM

Filing Date: 2025-02-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025005178

Filing Summary: Vast Renewables Limited filed Post-Effective Amendment No. 3 to Form F-1 on Form F-3 with the SEC on February 12, 2025. This filing converts the F-1 Registration Statement into a Registration Statement on Form F-3 and updates certain information regarding prior amendments related to their business combination. The registration is associated with the issuance of up to 27,529,987 Class A Ordinary Shares, as well as resale offers by selling securityholders of up to 46,036,985 Ordinary Shares and 12,856,500 Warrants. The noted business combination, effective December 18, 2023, involved the merger of Vast Renewables Limited with NETC, with NETC surviving as a wholly owned subsidiary of Vast. The merger enabled the exchange of existing NETC shares for Ordinary Shares of Vast, along with the settlement of various outstanding securities into shares. Additional registration includes the issue of various Ordinary Shares and Warrants held by different securityholders and describes the conditions under which these shares may be resold. Furthermore, the filing outlines risks associated with selling securities at lower prices than public investors, and emphasizes the potential for volatility in market prices due to these offerings.