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Energy Vault Holdings, Inc. — fact timeline

Source-grounded facts extracted from Energy Vault Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

NRGV Energy Vault Holdings, Inc. JSON
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Ratification of the appointment of BDO USA, P.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-29 meeting.

“Proposal 2 - Ratification of the appointment of BDO USA, P.C. as our independent registered public accounting firm for the fiscal year ending December 31, 2026 Votes For Votes Against Votes Abstaining Broker Non-Votes 127,775,985 168,810 59,341 —”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Election of Class II Directors at the 2026-05-29 meeting.

“Proposal 1 - Election of Class II Directors Votes For Votes Withheld Broker Non-Votes Stephanie Unwin 96,797,315 791,040 30,415,781 Theresa Fariello 86,706,051 10,882,304 30,415,781 Thomas Ertel 87,228,442 10,359,913 30,415,781”
Earnings Releases

Energy Vault Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $21.9 million, net income GAAP Net Loss of $32.5 million. Guidance reaffirmed.

“and 140% sequentially Year to Date 2026 backlog reached $1.35 billion, up 108% year-over-year, of which 80%+ is recurring, high margin IPP revenue Q1 2026 Revenue of $21.9 million, up 156% year-over-year Q1 2026 GAAP Gross Profit of $4.8 million and Adjusted Gross Profit of $6.1 million (up 25% year-over-year) Achieved fifth consecutive quarterly increase”
Earnings Releases

Energy Vault Holdings, Inc. reported financial results for the quarter and year ended December 31, 2025.

“On March 17, 2026, Energy Vault Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025.”
Debt Financings

Energy Vault Holdings, Inc. incurred convertible notes of $10.0 million additional aggregate principal amount with Jefferies LLC, Cantor Fitzgerald & Co. and Citigroup Global Markets Inc. at 5.250% maturing due 2031.

“On February 25, 2026, the Initial Purchasers notified the Company that they had elected to purchase $10.0 million in additional aggregate principal amount (the "Option Notes," and together with the Initial Notes, the "Notes") of the Company’s 5.250% Convertible Senior Notes due 2031 pursuant to the option granted to them under the Purchase Agreement. On February 27, 2026, the Company issued to the Initial Purchasers the Option Notes on the same terms as the Initial Notes.”
Debt Financings

Energy Vault Holdings, Inc. incurred convertible notes of $140.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.250% per year maturing mature on March 1, 2031.

“On February 17, 2026, Energy Vault Holdings, Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $140.0 million aggregate principal amount of 5.250% Convertible Senior Notes due 2031 (the “Notes”).”
Material Agreements

Energy Vault Holdings, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $140.0 million aggregate principal amount of 5.250% Convertible Senior Notes due 2031 (effective 2026-02-17).

“On February 17, 2026, Energy Vault Holdings, Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $140.0 million aggregate principal amount of 5.250% Convertible Senior Notes due 2031 (the “Notes”). The Notes were issued pursuant to an indenture, dated February 17, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.”
Material Agreements

Energy Vault Holdings, Inc. amended Yorkville Amendments with YA II PN, Ltd. valued at Not specified (effective 2026-02-09).

“On February 9, 2026, the Company and the Investor entered into the second amendment to the Purchase Agreement (the “Second Amendment”) and amended and restated each of the (i) the Tranche 1 Debentures (the “A&R Tranche 1 Debentures”), (ii) the Tranche 2 Debentures (the “A&R Tranche 2 Debentures) and (iii) the Tranche 3 Debentures (the “A&R Tranche 3 Debentures,” collectively with the A&R Tranche 1 Debentures and the A&R Tranche 2 Debentures, the “A&R Debentures,” the A&R Debentures together with the Second Amendment, the “Yorkville Amendments”).”
Equity Issuances

Energy Vault Holdings, Inc. issued convertible note to YA II PN, Ltd. for $15.0 million of Debentures.

“On December 30, 2025, the Company and the Investor entered into an amendment to the Purchase Agreement (the "Amendment"), pursuant to which the Company agreed to issue and sell an additional $15.0 million of Debentures to the Investor (the "Third Closing").”
Material Agreements

Energy Vault Holdings, Inc. amended A&R Registration Rights Agreement with YA II PN, Ltd. (effective 2025-12-30).

“on December 30, 2025, the Company and the Investor entered into an amendment and restatement of that certain registration rights agreement, by and among the Company and the Investor, dated September 22, 2025 (the “A&R Registration Rights Agreement”).”
Material Agreements

Energy Vault Holdings, Inc. amended Amendment with YA II PN, Ltd. valued at $15.0 million (effective 2025-12-30).

“On December 30, 2025, the Company and the Investor entered into an amendment to the Purchase Agreement (the “Amendment”), pursuant to which the Company agreed to issue and sell an additional $15.0 million of Debentures to the Investor”
Debt Financings

Energy Vault Holdings, Inc. incurred convertible notes of aggregate principal amount of $15.0 million with YA II PN, Ltd. at 7% annual interest rate (18% during an uncured event of default) maturing August 30, 2027.

“(the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell up to $50.0 million in aggregate principal amount of senior unsecured convertible debentures (the “Debentures”) in multiple tranches.”
Equity Issuances

Energy Vault Holdings, Inc. issued convertible note to the Investor.

“The disclosure set forth above in Item 2.03 of this Current Report relating to the issuance of shares of Common Stock to the Investor pursuant to the Purchase Agreement, including any shares to be issued in connection with a conversion of the Debentures, and relating to the issuance of the Debentures, is incorporated by reference herein in its entirety.”
Equity Issuances

Energy Vault Holdings, Inc. issued common stock to the Investor.

“The disclosure set forth above in Item 2.03 of this Current Report relating to the issuance of shares of Common Stock to the Investor pursuant to the Purchase Agreement, including any shares to be issued in connection with a conversion of the Debentures, and relating to the issuance of the Debentures, is incorporated by reference herein in its entirety.”
Debt Financings

Energy Vault Holdings, Inc. incurred convertible notes of $20.0 million with YA II PN, Ltd. at 7% annual interest rate maturing March 22, 2027.

“On December 16, 2025, the Company issued additional Debentures in the aggregate principal amount of $20.0 million to the Investor (the “Subsequent Closing”).”
Equity Issuances

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

“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”
Equity Issuances

Energy Vault Holdings, Inc. issued 4,500,000 warrants of warrant to Dorado Goose LLC.

“On August 18, 2025, the Company completed the private sale of an aggregate of 4,500,000 warrants (the “Warrants) to purchase shares of Common Stock at an exercise price ranging from $1.50 per share to $3.00 per share to Dorado Goose LLC, a Puerto Rico limited liability company.”
Equity Issuances

Energy Vault Holdings, Inc. issued convertible note to YA II PN, Ltd. for up to $50.0 million in aggregate principal amount.

“On September 22, 2025 , Energy Vault Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell up to $50.0 million in aggregate principal amount of senior unsecured convertible debentures”
Debt Financings

Energy Vault Holdings, Inc. incurred convertible notes of $50.0 million in aggregate principal amount with YA II PN, Ltd. at 7% annual interest rate maturing 18-month maturity.

“On September 22, 2025 , Energy Vault Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell up to $50.0 million in aggregate principal amount of senior unsecured convertible debentures (the “Debentures”) in multiple tranches.”
Debt Financings

Energy Vault Holdings, Inc. incurred debt of ranging from $7.63 million up to $9.45 million with Cedar Advance LLC, Reliance Financial FL LLC, and UFS West LLC maturing weekly until $9.45 million paid.

“(the “Company”), together with Energy Vault, Inc., its wholly-owned subsidiary (collectively with the Company, the “Sellers”), entered into Agreements of Sale of Future Receipts (collectively, the “Financing Arrangements”) with Cedar Advance LLC, Reliance Financial FL LLC, and UFS West LLC (collectively, the “Buyers”).”
Debt Financings

Energy Vault Holdings, Inc. incurred term loan of approximately $17.8 million with Wilmington Trust, National Association, as administrative agent and collateral agent, and each of the lenders party thereto at 5.00% for loans bearing interest at the alternate base rate (“ABR”) and 6.00% fo maturing July 23, 2032.

“collateral agent, and each of the lenders party thereto. The Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $17.8 million. The proceeds of the term loan facility are intended to support the Cross Trails energy storage project, including payment of operating costs, funding of required reserve”
Listing & Compliance Notices

Energy Vault Holdings, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

“April 16, 2025, indicating that Energy Vault is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of Energy Vault’s common stock was less than $1.00 over a consecutive 30 trading-day period. Under NYSE rules, Energy Vault has a period of six months from receipt of the notice to regain compliance with the NYSE minimum stock price listing requirement. Energy Vault plans to notify the NYSE by May 1, 2025, of its intent to cure the stock price deficiency and return to compliance with the NYSE continued listing standards. Energy Vault intends”
Earnings Releases

Energy Vault Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $7.8 million, net income $(21.1) million. Guidance initiated.

“Energy Vault Reports First Quarter 2024 Financial Results Revenue of $7.8 million from recognition of Utility and IPP storage projects, in-line with expectations; Licensing revenue from GESSOL in Southern Africa is expected later in 2024 GAAP Gross margin of 26.7% driven by strong management and execution on US battery projects Cash OpEx of $16.7 million, improved 22% year-over-year and 14% quarter-over-quarter Quarter-end Cash and Cash Equivalents of $136.8 million , within Q1 guidance range of $125 – 150 million WESTLAKE VILLAGE, Calif., May 8th, 2024 – Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024.”

Michael Beer was appointed as Chief Financial Officer at Energy Vault Holdings, Inc..

“reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.”

Johannes Cornelis Maria van Gaalen departed as Chief Financial Officer at Energy Vault Holdings, Inc..

“reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.”

Jan Kees van Gaalen departed as Chief Financial Officer at Energy Vault Holdings, Inc..

“Concurrently with Mr. Beer assuming the position of Chief Financial Officer, Jan Kees van Gaalen will cease to serve as Chief Financial Officer.”

Michael Beer was appointed as Chief Financial Officer at Energy Vault Holdings, Inc..

“On April 4, 2024, Michael Beer agreed to serve as Chief Financial Officer, effective as of April 15, 2024.”

Stephanie Unwin was elected as Class II director at Energy Vault Holdings, Inc..

“On December 14, 2023, the Board elected Stephanie Unwin as a Class II director of the Company, effective as of March 7, 2024, for a term expiring at the Annual Meeting of Shareholders in 2026.”

Zia Huque resigned as director at Energy Vault Holdings, Inc..

“Effective as of the date of Energy Vault’s next quarterly Board meeting on March 7, 2024, Zia Huque has resigned as director of the Company and from the Audit Committee and Compensation Committee of the Board of Directors.”
Earnings Releases

Energy Vault Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $172.2 million, net income $(18.9) million. Guidance reaffirmed.

“Energy Vault Reports Third Quarter 2023 Financial Results Revenue of $172.2 million driven by multiple energy storage deployments within the US market”
Earnings Releases

Energy Vault Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $39.7 million, net income $(26.2) million. Guidance reaffirmed.

“Second Quarter 2023 Financial Highlights • Revenue of $39.7 million, in-line with Company expectations, from continued progress on US based energy storage projects.”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-25 meeting.

“On May 25, 2023, Company held its Annual Meeting of Stockholders. The matters voted upon at the meeting and the final results of those votes, as informed on May 26, 2023 by the independent inspector of election of the Annual Meeting of Stockholders, were as follows: Proposal 1 - Election of Class II Directors Votes For Votes Withheld Broker Non-Votes Zia Huque 90,542,664 1,632,886 19,672,794 Theresa Fariello 92,052,529 123,021 19,672,794 Thomas Ertel 88,384,944 3,790,606 19,672,794 Proposal 2 - Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 Votes For Votes Against Votes Abstaining Broker Non-Votes 111,736,415 51,928 60,001 —”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Election of Class II Directors at the 2023-05-25 meeting.

“On May 25, 2023, Company held its Annual Meeting of Stockholders. The matters voted upon at the meeting and the final results of those votes, as informed on May 26, 2023 by the independent inspector of election of the Annual Meeting of Stockholders, were as follows: Proposal 1 - Election of Class II Directors Votes For Votes Withheld Broker Non-Votes Zia Huque 90,542,664 1,632,886 19,672,794 Theresa Fariello 92,052,529 123,021 19,672,794 Thomas Ertel 88,384,944 3,790,606 19,672,794 Proposal 2 - Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 Votes For Votes Against Votes Abstaining Broker Non-Votes 111,736,415 51,928 60,001 —”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-25 meeting.

“Proposal 2 - Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 Votes For Votes Against Votes Abstaining Broker Non-Votes 111,736,412 51,928 60,001 —”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Election of Class II Directors at the 2023-05-25 meeting.

“Proposal 1 - Election of Class II Directors Votes For Votes Withheld Broker Non-Votes Zia Huque 90,542,661 1,632,886 19,672,794 Theresa Fariello 92,052,526 123,021 19,672,794 Thomas Ertel 88,384,941 3,790,606 19,672,794”
Earnings Releases

Energy Vault Holdings, Inc. reported financial results for the quarter and year ended December 31, 2022.

“On March 7, 2023, Energy Vault Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.”

Theresa M Fariello was elected as Director at Energy Vault Holdings, Inc..

“On January 18, 2023, the Board elected Theresa M Fariello “Terri” as a Class II director of the Company, effective as of February 1, 2023”

Henry Elkus resigned as Director at Energy Vault Holdings, Inc..

“Effective February 1, 2023 Henry Elkus resigned as director of the Company and from the Nomination and Corporate Governance Committee of the Board of Directors.”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022 at the 2022-12-20 meeting.

“Proposal 2 - Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022 Votes For Votes Against Votes Abstaining Broker Non-Votes 101,818,612 133,510 12,917 —”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Election of Class I Directors at the 2022-12-20 meeting.

“Proposal 1 - Election of Class I Directors Votes For Votes Withheld Broker Non-Votes Larry Paulson 82,332,954 6,872,410 12,759,675 Mary Beth Mandanas 88,092,622 1,112,742 12,759,675”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022 at the 2022-12-20 meeting.

“Proposal 2 - Ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022 Votes For Votes Against Votes Abstaining Broker Non-Votes 101,817,916 133,804 13,320 --”
Shareholder Votes

Energy Vault Holdings, Inc. shareholders approved Election of Class I Directors at the 2022-12-20 meeting.

“Proposal 1 - Election of Class I Directors Votes For Votes Withheld Broker Non-Votes Larry Paulson 82,285,119 6,872,410 12,807,511 Mary Beth Mandanas 88,044,787 1,112,742 12,807,511”
Earnings Releases

Energy Vault Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $1.7 million, net income $(28.8) million. Guidance reaffirmed.

“Third quarter 2022 revenue of $1.7 million, driven by revenue from the energy storage projects with Jupiter Power in Texas and California. • Revenue for the first nine months ending September 30, 2022, totaled $45.6 million, driven mainly by the gravity energy storage licensing revenue with Atlas Renewable. • Third quarter GAAP loss from operations of $(36.2) million, and GAPP net loss of $(28.8) million.”

David Hitchcock departed as Interim Chief Executive Officer at Energy Vault Holdings, Inc..

“David Hitchcock will cease to serve as Interim Chief Executive Officer. Mr. Hitchcock will remain as an advisor to the Company through December 31, 2022.”

Jan Kees van Gaalen was appointed as Chief Financial Officer at Energy Vault Holdings, Inc..

“Jan Kees van Gaalen agreed to serve as Chief Financial Officer, effective as of November 16, 2022.”

David Hitchcock was appointed as interim Chief Financial Officer at Energy Vault Holdings, Inc..

“it had appointed David Hitchcock as its interim Chief Financial Officer, effective April 18, 2022”

Andrea Wuttke departed as Chief Financial Officer at Energy Vault Holdings, Inc..

“it was separating from Andrea Wuttke, its Chief Financial Officer, effective as of April 15, 2022”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.