UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 15, 2023 ~~(May 30, 2023)~~

ST Energy Transition I Ltd.

(Exact name of registrant as specified in its charter)

Bermuda	001-41119	00-0000000N/A
(State or other jurisdiction	(Commission	(I.R.S. Employer
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
of incorporation)	File Number)	Identification No.)

Par-la-Ville, 4^th Floor

14 Par-la-Ville Road

Hamilton Bermuda

HM08

(Address of principal executive offices)

(Zip Code)

+1 (441) 295-6935

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K ~~filing~~ is intended to simultaneously satisfy the filing obligation of the ~~registrant~~Registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
SAIL^SMsecurities, each consisting of one Class A share, of $0.0001 par value per share, and one-half of one redeemable warrant	STET.U	New York Stock Exchange
Class A shares, $0.0001 par value per share, included as part of the SAIL^SM securities	STET	New York Stock Exchange
Redeemable warrants, each whole warrant exercisable for one Class A Share at an exercise price of $11.50, included as part of the SAIL^SMsecurities	STETWS	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3 7.01. ~~Notice~~Regulation ofFD ~~Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing~~Disclosure.

On ~~May 30~~June 5, 2023, ~~the New York Stock Exchange (the “NYSE”) notified~~ ST Energy Transition I Ltd. (the “Company”), ~~and publicly~~ announced, that ~~the~~it ~~NYSE~~would ~~determined to~~not ~~commence~~complete ~~proceedings~~our toinitial ~~delist~~business ~~the~~combination ~~Company’s~~by ~~redeemable~~June 7, ~~warrants~~2023, ~~each~~the ~~whole~~deadline ~~warrant~~for ~~exercisable to purchase one share of~~ the Company’s ~~Class~~to Acomplete ~~ordinary~~our ~~shares,~~initial ~~par~~business ~~value $0~~combination.~~0001~~ ~~per share (the “Class~~ A ~~Shares”),~~copy ~~at a price~~ of ~~$11.50~~an ~~per~~announcement ~~share, and~~by ~~listed to trade on~~ the ~~NYSE~~Company ~~under~~related ~~the symbol “STET WS” (the “Warrants”), from the NYSE and that trading in the Warrants would be suspended immediately, due~~ to ~~“abnormally~~such ~~low”~~determination ~~trading~~is ~~price~~furnished ~~levels~~as ~~pursuant~~Exhibit ~~to Section 802~~99.~~01D~~1 ~~of the NYSE Listed Company Manual. The Company does not intend~~ to ~~appeal~~this ~~the~~Current ~~NYSE’s~~Report ~~determination~~on Form 8-K.

~~Trading~~The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the ~~Company’s~~Securities ~~Class~~Exchange AAct ~~Shares~~of ~~and~~1934, ~~SAILSM securities~~as ~~will~~amended ~~continue~~(the on“Exchange Act”), or otherwise subject to the ~~NYSE~~liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

~~Cautionary~~Item 8.01 ~~Statement~~Other ~~Regarding Forward-Looking Statements~~ Events.

~~This~~Due ~~report~~to ~~includes “forward-looking statements” within~~ the ~~meaning~~Company ofnot ~~Section~~completing ~~27A~~a ofbusiness ~~the~~combination ~~Securities~~by ~~Act~~June 7, ~~of 1933~~2023, asfollowing ~~amended~~June 7, ~~and Section 21E of the Securities Exchange Act of 1934~~2023, as ~~amended. All~~required ~~statements,~~by ~~including relating to~~ the ~~filing~~Company’s ofAmended ~~the~~and ~~Form~~Restated 10Bye-QLaws, ~~other~~the ~~than~~Company ~~statements~~will ofas ~~historical~~promptly ~~fact~~as ~~included~~possible, inbut ~~this~~not ~~report~~more ~~are forward-looking~~than ~~statements.~~ten ~~When~~business ~~used~~days ~~in this report~~thereafter, ~~words~~redeem ~~such~~(the as “~~anticipate,~~Redemption”) ~~“believe,”~~100% ~~“estimate,” “expect,”~~of ~~“intend”~~the ~~and~~Company’s ~~similar~~issued ~~expressions,~~and asoutstanding ~~they~~Class ~~relate~~A toordinary ~~the~~shares, ~~Company~~par orvalue ~~its~~$0.0001 ~~management~~per ~~team,~~share ~~identify~~(the ~~forward-looking statements~~“Public Shares”). ~~Such~~The ~~forward-looking~~Redemption ~~statements~~is ~~are~~expected ~~based~~to onbe ~~the~~completed ~~beliefs~~on ~~of management~~June 22, as2023 ~~well~~(the as“Expected ~~assumptions~~Redemption ~~made~~Date”). ~~by,~~In ~~and~~the ~~information~~Redemption, ~~currently available~~funds ~~to,~~held in the Company’s ~~management.~~trust ~~Actual~~account, ~~results~~less ~~could~~$100,000 ~~differ~~of ~~materially~~interest ~~from~~to ~~those~~pay ~~contemplated~~dissolution byexpenses ~~the~~and ~~forward-looking~~net ~~statements as a result~~ of ~~certain~~taxes ~~factors~~payable, ~~detailed~~will inbe ~~the~~distributed ~~Company’s~~to ~~filings~~each ~~with~~holder ~~the~~of ~~SEC.~~Public ~~All~~Shares ~~subsequent~~on ~~written~~a orpro ~~oral~~rata ~~forward-looking~~basis ~~statements attributable~~(such toamount, the ~~Company~~“Redemption orAmount”). ~~persons~~Based ~~acting~~upon onthe ~~its~~amount ~~behalf~~held ~~are qualified~~ in ~~their~~the ~~entirety~~trust byaccount ~~this~~as ~~paragraph.~~of ~~Forward-looking~~May 31, ~~statements are subject to numerous conditions~~2023, ~~many of~~ which ~~are~~was ~~beyond~~$301,477,161, the ~~control of the~~ Company, ~~including~~estimates ~~those~~that ~~set forth in~~ the ~~Risk~~per-share ~~Factors section~~Redemption ofAmount ~~the~~will ~~Company’s~~be ~~Annual~~approximately ~~Report on Form~~ $10~~-K,~~.48. asThere itwill ~~may~~ be ~~amended,~~no ~~filed~~redemption ~~with~~rights ~~the~~or ~~SEC.~~liquidating ~~Copies~~distributions ofwith ~~such~~respect ~~filings~~to ~~are available on~~ the ~~SEC~~Company’s ~~website~~warrants, ~~www.sec.gov.~~which ~~The~~will ~~Company~~expire ~~undertakes~~worthless noupon ~~obligation to update these statements for revisions or changes after~~ the ~~date~~liquidation of ~~this~~the ~~release, except as required by law~~Company.

1The Company anticipates that the Public Shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on June 7, 2023. On the Expected Redemption Date, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The Company expects that the New York Stock Exchange will file a Form 25 with the U.S. Securities and Exchange Commission (the “Commission”) to delist the Company’s securities. Thereafter, the Company will file a Form 15 with the Commission to terminate the registration of its securities under the Exchange Act.

~~SIGNATURE~~Beneficial owners of the Public Shares held in “street name,” will not need to take any action in order to receive their pro rata portion of the Redemption Amount. Holders of registered Public Shares will need to present their respective share certificates to the Company’s transfer agent, Continental Stock Transfer & Trust Company, to receive their pro rata portion of the Redemption Amount.

~~Pursuant~~Forward toLooking ~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~Statements

	ST ENERGY TRANSITION I LTD.
Date: June 1, 2023	By:	/s/ Jan Erik Klepsland
		Name: Jan Erik Klepsland Title: Chief Executive Officer and Chief Financial Officer

This report may include “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. All statements other than statements of historical fact included in this report are forward-looking statements. When used in this report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2023 and Quarterly Report on Form 10-Q filed with the SEC on May 26, 2023, and as those may be further amended and/or supplemented in subsequent filings with the SEC. Copies of such filings are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this report, except as required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibits
99.1		Press release, dated June 5, 2023.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ST Energy Transition I Ltd.

Date: June 5, 2023	By:	/s/ Jan Erik Klepsland
	Name:	Jan Erik Klepsland
	Title:	Chief Executive Officer and Chief Financial Officer

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