Energy Vault closes $300M preferred equity from OIC, launches Asset Vault platform

Energy Vault Holdings, Inc.

OIC commits up to $300M in Series A Preferred Units of Asset Vault; initial $35M cash contribution due by Oct 24, 2025.
Energy Vault contributes four project entities (Calistoga, Cross Trails, Stoney Creek, and a future BESS) to Asset Vault.
Asset Vault portfolio totals 3GW/12+GWh; expects >$100M recurring annual EBITDA within 3-4 years.
Warrants issued: 5.6M warrants initially, with additional tranches up to $300M; exercise price at 1.25x 5-day VWAP.
Deployment of +1.5GW pipeline across U.S., Australia, Europe; two late-stage projects expected to draw ~$200M over next 6 months.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Energy Vault Holdings, Inc. issued 5,572,108 warrants of warrant to OIC for $35,000,000 initial contribution.

Security: warrant
Shares: 5,572,108 warrants
Purchaser: OIC
Consideration: $35,000,000 initial contribution

Exact text from the filing

in connection with OIC’s initial contribution of $35,000,000 with respect to its Series A Preferred Units, the Company issued to OIC an aggregate of 5,572,108 warrants to purchase common stock of the Company

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Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001828536-25-000184

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