secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001104659-26-021646
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault issues additional $10M of 5.25% convertibles; repays $45M Yorkville debt
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- Initial purchasers exercised option to buy $10M in additional 5.250% Convertible Senior Notes due 2031 on same terms.
- Company entered additional capped call transactions with cap price initially $8.12/share to offset dilution from conversion.
- Net proceeds from the $140M initial note sale used to redeem $45M of senior unsecured convertible debentures held by YA II PN, Ltd.
- Total aggregate principal of convertible notes now $150M after the optional $10M addition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926021646/0001104659-26-021646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000110465926021646/tm267515d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-021646

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