Energy Vault Holdings, Inc. (NRGV) Form 8-K — Jul 1, 2026
Energy Vault Holdings entered into the First Amendment to its Securities Purchase Agreement with YA II PN, Ltd., issuing an additional $38.0 million of senior secured convertible debentures. This increases the outstanding principal to $80.0 million and extends the maturity date to July 1, 2027. The expansion of the facility to a total capacity of $150.0 million was supported by a material increase in the company's commercial backlog, which grew from $1.3 billion as of March 31, 2026. In connection with the financing, the company also executed amendments and waivers regarding its existing debt obligations.
Key figures
- Backlog
- >$1.3 billion
- Net Proceeds
- 34600000
- Interest Rate
- 7.50%
- Maturity Date
- 2027-07-01
- Crc Prepayment
- 5000000
- Gross Proceeds
- 36100000
- Structuring Fee
- 1250000
- Conversion Floor Price
- 1.19
- Max Convertible Shares
- 33251333
- Total Principal Amount
- 80000000
- Total Facility Capacity
- 150000000
- Additional Principal Amount
- 38000000
- Original Issue Discount
- 5%
- Purchase Price Percentage
- 95%
Price after filing
Close on the filing date to close N calendar days later (from $4.71). Historical, not a forecast.
AI analysis
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