secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001828536-25-000213
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault closes $20M additional convertible debenture issuance to YA II PN
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- Issued $20M aggregate principal of senior unsecured convertible debentures at 97% of par.
- Debentures carry 7% annual interest (18% on default) and mature March 22, 2027.
- Conversion price fixed at $7.53/share (150% of Dec 12 VWAP); amortization installments start Jan 2026.
- Proceeds to fund working capital, energy storage project development, and construction.
- This is second tranche following $30M initial closing on Sep 22, 2025, for total $50M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000213/0001828536-25-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853625000213/nrgv-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001828536-25-000213

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