Energy Vault prices $140M convertible notes at 5.25%, due 2031

Energy Vault Holdings, Inc.

Offering upsized from $125M; initial purchasers have option to buy additional $20M.
Notes bear 5.250% interest, mature March 1, 2031; conversion price ~$5.18/share (27.5% premium to $4.06 close).
Net proceeds estimated at ~$135.5M (or ~$154.8M with full option exercise).
Proceeds to fund capped call transactions, redeem $35M–$45M of existing convertible debentures, and for general corporate purposes.
Capped call transactions cap price $8.12/share; reduce dilution upon conversion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.