secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001828536-26-000001
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault issues additional $15M in convertible debentures; conversion price $7.41
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- Additional $15M senior unsecured convertible debentures issued at 98% of principal, maturing Aug 30, 2027.
- 7% annual interest (18% upon default); conversion price $7.41 (150% of Dec 29, 2025 VWAP).
- Monthly installment payments of ~$0.5M per $10M principal; optional cash or conversion at lower of fixed price or 97% of floor.
- Amendment also restricts at-the-market equity program until all third tranche debentures repaid.
- Proceeds for general working capital and energy storage project development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000001/0001828536-26-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000001/nrgv-20251230.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000001

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