Energy Vault Holdings Secures $20 Million in Additional Convertible Debenture Financing

Reuters12-20
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.

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