Energy Vault Enters Material Agreement, Triggers Obligation

TL;DR

NRGV signed a big deal on 8/29, creating a new financial obligation.

AI Summary

On August 29, 2025, Energy Vault Holdings, Inc. entered into a material definitive agreement, likely related to financing or a significant operational contract. This also triggered an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new commitment or financial arrangement for Energy Vault, which could impact its future financial performance and operational strategy.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial and operational risks.

Key Players & Entities

• Energy Vault Holdings, Inc. (company) — Registrant
• August 29, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-39982 (identifier) — SEC File Number
• 85-3230987 (identifier) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share NRGV New York Stock Exchange
• $7.63 million — les in an aggregate amount ranging from $7.63 million up to $9.45 million at the Company's di
• $9.45 million — amount ranging from $7.63 million up to $9.45 million at the Company's discretion for a purch
• $7.50 million — ny's discretion for a purchase price of $7.50 million. $0.75 million in fees were deducted fr
• $0.75 million — for a purchase price of $7.50 million. $0.75 million in fees were deducted from the purchase
• $6.75 million — d the Company received cash proceeds of $6.75 million. Pursuant to the terms of the Financin
• $7.8 million — will be equal to an aggregate amount of $7.8 million. If the Company does not fully repay th
• $0.26 million — t date, the Company will pay the Buyers $0.26 million in the aggregate each week based upon a

Filing Documents

• nrgv-20250829.htm (8-K) — 30KB
• 0001828536-25-000151.txt ( ) — 183KB
• nrgv-20250829.xsd (EX-101.SCH) — 3KB
• nrgv-20250829_def.xml (EX-101.DEF) — 16KB
• nrgv-20250829_lab.xml (EX-101.LAB) — 28KB
• nrgv-20250829_pre.xml (EX-101.PRE) — 16KB
• nrgv-20250829_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Between August 29, 2025 and September 5, 2025, Energy Vault Holdings, Inc. (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"). Under the Financing Arrangements, the Sellers sold to the Buyers future receivables in an aggregate amount ranging from $7.63 million up to $9.45 million at the Company's discretion for a purchase price of $7.50 million. $0.75 million in fees were deducted from the purchase price and the Company received cash proceeds of $6.75 million. Pursuant to the terms of the Financing Arrangements, if the Company fully repays the Buyers within 30 days of each respective agreement date, the future receivables sold will be equal to an aggregate amount of $7.63 million. If the Company fully repays the Buyers after 30 days but within 60 days of each respective agreement date, the future receivables sold will be equal to an aggregate amount of $7.8 million. If the Company does not fully repay the Buyers within 60 days of each respective agreement date, the Company will pay the Buyers $0.26 million in the aggregate each week based upon an anticipated 32.94% of its future receivables until such time that $9.45 million has been paid. The Financing Arrangements also contain customary affirmative and negative covenants, representations and warranties, and default and termination provisions. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 of this Current Report about the Financing Arrangements is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 104 Cover page from this Current Report on Form 8-K, formatted in Inline XBRL

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: September 5, 2025 By: /s/ Michael Beer Name: Michael Beer Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR