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ST Energy Transition I Ltd. Receives Notification of Deficiency from the NYSE Related to Delayed Filing of Quarterly Report on Form 10-Q
[May 26, 2023]

ST Energy Transition I Ltd. Receives Notification of Deficiency from the NYSE Related to Delayed Filing of Quarterly Report on Form 10-Q

ST Energy Transition I Ltd. (NYSE: STET) (the "Company") received on May 23, 2023 a standard notice from the NYSE indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023 (the "Form 10-Q"), the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual (the "Listing Rule"). The Listing Rule requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").

The Company filed its Form 10-Q on May 26, 2023, which cures the deficiency described in the Notice, and notified the NYSE of such filing.

About ST Energy Transition I Ltd.

ST Energy Transition I Ltd. is a blank check company, incorporated in Bermuda as an exempted company limited by shares, for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substative discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any industry or geographic location (subject to certain limitations described in this prospectus), we intend to focus our search on opportunities that contribute in positive ways towards energy transition and clean energy technology.

Forward-Looking Statements

Certain statements contained in this press release and certain materials the Company files with the SEC, as well as information included in oral statements or other written statements made or to be made by the Company, other than statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date of this press release. These forward-looking statements are based on management's current expectations, assumptions and beliefs regarding future events and are based on currently available information as to the outcome and timing of future events, certain of which are beyond the Company's control, and actual results may differ materially depending on a variety of important factors. These factors include, but are not limited to, a variety of risk factors affecting the Company's business and prospects disclosed in the Company's annual, quarterly reports and subsequent reports filed with the SEC, as amended from time to time. Any or all of these occurrences could cause actual results to differ from those in the forward-looking statements, and the Company does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

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