VAL US Equity☆

“On February 9, 2026, the Reporting Person and Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda ("Valaris") (the Reporting Person and Valaris, collectively, the "Parties" and each, a "Party"), entered into a Business Combination Agreement (the "Agreement") providing for the combination of the two Parties. Pursuant to the Agreement, and on the terms and subject to the conditions thereof, the Reporting Person will acquire all of the issued and outstandin”

“Item 4 is hereby supplemented as follows: On February 9, 2026, the Issuer and Transocean Ltd., a Swiss corporation ("Transocean"), entered into a Business Combination Agreement (as may be amended from time to time, the "Business Combination Agreement"), which provides for, among other things, the acquisition by Transocean of all of the Issuer's issued and outstanding Common Shares (the "Valaris Shares") in exchange for shares, par value $0.10 per share, of Transocean (the "Transocean Shares"), a”