secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001828536-25-000151
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000151/0001828536-25-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000151/nrgv-20250829.htm
  HTML page:      https://secwatch.observer/filing/0001828536-25-000151

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