Energy Vault Files 8-K on Regulation FD Disclosure

TL;DR

**Energy Vault filed a routine 8-K for Regulation FD disclosure, confirming its NYSE listing.**

AI Summary

Energy Vault Holdings, Inc. filed an 8-K on February 1, 2024, to disclose information under Regulation FD. This filing indicates that the company's Common Stock, with a par value of $0.0001 per share, is registered on the New York Stock Exchange under the trading symbol NRGV. This matters to investors because it confirms the company's compliance with disclosure requirements and its continued listing on a major exchange, which can impact liquidity and investor confidence.

Why It Matters

This filing confirms Energy Vault's adherence to SEC disclosure rules and its active listing on the NYSE, which is crucial for maintaining investor trust and market accessibility.

Risk Assessment

Risk Level: low — This is a routine disclosure filing and does not indicate any new material risks or changes to the company's operations or financial health.

Analyst Insight

A smart investor would note this as a routine compliance filing, confirming the company's continued public listing, but it doesn't provide new information to drive investment decisions. It's a good sign of transparency but not a catalyst.

Key Numbers

• $0.0001 — par value per share (the stated par value of Energy Vault's common stock)

Key Players & Entities

• Energy Vault Holdings, Inc. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Energy Vault's common stock is registered
• $0.0001 (dollar_amount) — par value per share of common stock
• February 1, 2024 (date) — date of the earliest event reported and filing date

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share NRGV New York Stock Exchange
• $20 million — agreement: 10-year exclusive license $20 million total license fee, payable annually in

Filing Documents

• nrgv-20240201.htm (8-K) — 32KB
• 0001828536-24-000010.txt ( ) — 197KB
• nrgv-20240201.xsd (EX-101.SCH) — 3KB
• nrgv-20240201_def.xml (EX-101.DEF) — 16KB
• nrgv-20240201_lab.xml (EX-101.LAB) — 31KB
• nrgv-20240201_pre.xml (EX-101.PRE) — 16KB
• nrgv-20240201_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 25, 2024, Energy Vault Holdings, Inc. (the "Company") issued a press release announcing that it signed a new License and Royalty Agreement for the Southern African Development Community (SADC) region. The agreement was executed with Gravity Energy Storage Solutions (Pty) Ltd (GESSOL), a consortium company focused on energy storage deployments in Southern Africa. In response to investor inquiries related to this announcement, the Company has provided additional detail regarding the terms of the agreement: 10-year exclusive license $20 million total license fee, payable annually in installments Royalties of 5% applied to all gross revenue streams in the Territory Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning the terms of the announced license and royalty agreement with GESSOL (Pty). These statements often include words such as " anticipate," "expect," "suggest," "plan," "believe," "intend," "project," "forecast," "estimates," "targets," "projections," "should," "could," "would," "may," "might," "will" and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about fu

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENERGY VAULT HOLDINGS, INC. Date: February 1, 2024 By: /s/ Josh McMorrow Name: Josh McMorrow Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR