# Valaris Ltd (VAL-WT) — spac/extension [announced]
Source: SEC API (secapi.ai) · situation sit_4f965d76b3b13dd67447 · retrieved 2026-08-12T06:56:07.595Z

## Overview
Valaris Limited is an industry leader in offshore drilling services across all water depths and geographies, operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups.

Valaris Limited announced a pending business combination with Transocean Ltd., with closing expected in the fourth quarter of 2026. The combination is expected to deliver meaningful value to shareholders through anticipated synergies and enhanced capabilities of the combined company. The transaction was previously announced on February 9, 2026.

## Terms
- Counterparty: Transocean Ltd.

## Key dates
- Announced 2026-08-05 · Expected close 2026-12-31

## Timeline
- 2026-08-05 · 8-K (0000314808-26-000138): 8-K - Valaris Ltd — *Valaris Limited is an industry leader in offshore drilling services across all water depths and geographies, operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups.* Valaris Limited announced a pending business combination with Transocean Ltd., with closing expected in the fourth quarter of 2026. The combination is expected to deliver meaningful value to shareholders through anticipated synergies and enhanced capabilities of the combined company. The transaction was previously announced on February 9, 2026.
  https://www.sec.gov/Archives/edgar/data/314808/0000314808-26-000138.txt

## Citations
- 0000314808-26-000138 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000031480826000138