Core Viewpoint - Vast Renewables Limited has announced its intention to voluntarily delist its ordinary shares and public warrants from Nasdaq as part of a broader strategy to simplify its corporate structure and reduce regulatory costs, aiming to better position itself for long-term success [1][2]. Group 1: Delisting and Deregistration - Vast plans to file a Form 25 with the U.S. SEC to delist its ordinary shares and public warrants around May 15, 2025, with the delisting expected to take effect ten days later, marking May 23, 2025, as the last trading day on Nasdaq [2]. - Following the delisting, Vast's ordinary shares and public warrants will begin trading in the over-the-counter (OTC) marketplace, and the company intends to file a Form 15 to deregister its securities and suspend SEC reporting obligations [2]. Group 2: Strategic Focus and Leadership Changes - The company is prioritizing financial closure for its 30MW Port Augusta utility-scale clean energy project, Vast Solar 1 (VS1), by the end of September 2025, which has received conditional funding of up to AUD180 million from the Australian Renewable Energy Agency [3]. - VS1 has been determined as 'not a controlled action' under the Environment Protection and Biodiversity Conservation Act, facilitating the commencement of construction later this year [4]. - Vast has promoted Lachlan Roberts to Chief Operating Officer and appointed David Collins as GM of Commercial to enhance operational focus and execution excellence for its projects [5]. Group 3: Company Overview - Vast is a renewable energy company based in Australia, developing clean energy solutions aimed at decarbonizing the grid and producing green fuels for the transport industry [6].
Vast Announces Voluntary Nasdaq Delisting and Strategic Leadership Changes