On April 4, Schlumberger N.V. Said Parties To 3D Merger Deal, Dated Oct 2, 2023, By & Among Nauticus Robotics, Merger Sub, 3D Agreed To Terminate Deal
Portfolio Pulse from Benzinga Newsdesk
On April 4, 2024, Schlumberger N.V. (SLB) and Nauticus Robotics (KITT) mutually agreed to terminate their 3D Merger Agreement initially dated October 2, 2023. This termination also led to the cancellation of the Director Designation Letter Agreement and Company Stockholder Support Agreement.
April 08, 2024 | 8:35 pm
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NEUTRAL IMPACT
Nauticus Robotics (KITT) and Schlumberger N.V. agreed to terminate their merger, affecting KITT's potential growth trajectory.
The cancellation of the merger with Schlumberger could mean a significant shift in Nauticus Robotics' growth strategy, as the merger might have been a key part of their expansion or development plans. The exact impact is unclear without further details on the merger's strategic goals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Schlumberger N.V. (SLB) and Nauticus Robotics mutually agreed to terminate their 3D Merger Agreement. This could affect SLB's strategic expansion plans.
The termination of the merger agreement with Nauticus Robotics might slow down Schlumberger's strategic expansion into new technologies or markets. However, the financial impact is uncertain without details on the terms of the termination or the strategic importance of the merger.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80