Energy Vault Holdings Secures $20 Million in Additional Convertible Debenture Financing
Energy Vault Holdings Inc. has entered into a Securities Purchase Agreement with YA II PN, Ltd., under which it will issue and sell up to $50 million in senior unsecured convertible debentures across multiple tranches. The initial $30 million tranche was completed on September 22, 2025, followed by an additional $20 million tranche issued on December 16, 2025. The debentures, which are unregistered and sold in a private placement to an accredited investor, will be used to fund working capital, development, construction, and investment in energy storage projects, as well as general corporate expenses. Under the agreement, the company may redeem the debentures for cash under certain conditions and, in the event of a change of control, may redeem all outstanding debentures at 110% of principal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Vault Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828536-25-000213), on December 19, 2025, and is solely responsible for the information contained therein.
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