secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001104659-26-013403
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault proposes $125M convertible note offering due 2031
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- Offers $125M convertible senior notes due 2031 in private placement; underwriters can purchase additional $25M.
- Notes mature March 1, 2031; interest paid semiannually; conversion settles in cash, stock, or combination.
- Net proceeds to fund capped call costs, redeem $35-45M of existing convertible debentures, and for general corporate.
- Capped call transactions expected to reduce dilution upon conversion of notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013403/0001104659-26-013403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013403/tm265927d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer