secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-07-01T10:55:32+00:00
Accession:  0001828536-26-000083
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault increases convertible debenture facility to $150M, adds $38M tranche, extends maturity
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- Amended securities purchase agreement to increase aggregate principal to $150M and issued additional $38M of senior secured convertible debentures at 95% of par.
- Amended and restated debenture bears 7.50% interest, extends maturity to July 1, 2027, and sets conversion floor at $1.19 per share.
- Subsidiary Calistoga Resiliency Center prepaid $5.0M of senior secured notes with waiver of make-whole amount and deferred DSCR testing to November 30, 2026.
- Subsidiary Cross Trails Energy Storage obtained consent to modify debt service coverage ratio calculations and waiver of defaults for Q1 and Q2 2026.
- Company reported material increase in sales backlog from $1.3 billion as of March 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000083/0001828536-26-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000083/nrgv-20260626.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000083

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