64 Electrons, singlet–triplet gap of 2 kcal mol−1 and does inert bond activation and catalysis; that doesn’t follow the rules?

The facile carbon atom abstraction reaction by [(iPr3P)Ni]5H6 (1) with various terminal alkenes to give [(iPr3P)Ni]5H4(μ5-C) (2) occurs via a common highly reactive intermediate [(iPr3P)Ni]5H4 (3), which was isolated by the reaction of 1 with norbornene. Temperature dependent 1H and 31P{1H} NMR chemical shifts of 3 are consistent with a thermally populated triplet excited state only 2 kcal·mol–1 higher energy than the diamagnetic ground state. Complex 3 catalyzes the dimerization of norbornene to stereoselectively provide exclusively (Z) anti-(bis-2,2'-norbornylidene).