secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001104659-26-016759
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault issues $140M 5.25% convertible notes due 2031; conversion price $5.18
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- $140M aggregate principal of 5.250% Convertible Senior Notes due 2031 issued.
- Conversion price ~$5.1765/share, premium ~27.5% above Feb 11, 2026 closing price.
- Capped call transactions entered to reduce dilution; cap price $8.12/share.
- Notes mature March 1, 2031; interest payable semi-annually at 5.250%.
- Company may not redeem notes before March 5, 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926016759/0001104659-26-016759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926016759/tm266680d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-016759

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