Energy Vault sells up to $9.45M future receivables for $6.75M net cash

Energy Vault Holdings, Inc.

Purchase price $7.5M; $0.75M fees deducted; net cash proceeds $6.75M.
Future receivables sold range: $7.63M (repay within 30d) to $9.45M (if not repaid within 60d).
After 60 days, weekly payments of $0.26M until $9.45M paid, based on 32.94% of future receivables.
Financing Arrangements made with Cedar Advance, Reliance Financial, and UFS West.
Contains customary covenants, representations, and default provisions.

item 1.01item 2.03item 9.01

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