secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001104659-26-013787
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013787/0001104659-26-013787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926013787/tm265927d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013787

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