FinancingRegulatory filing
What was reported
Amendment to AR Convertible Debentures Securities Purchase AgreementU.S. Securities and Exchange Commission (EDGAR) · 8-K: 8-K · Jul 1, 2026 · Open the source ↗
What the evidence supports
Energy Vault told the SEC (Form 8-K, Item 1.01) that it entered into a financing arrangement or sold its securities. The filing gives Jun 26, 2026 as the date of the earliest event reported.
What remains unknown
How much money will actually be raised or drawn, at what final price, and how it will be used beyond what the company stated. Stated amounts can be maximums or targets rather than money already received.
Figures as stated
Numbers exactly as written in the source. We don’t annualise, convert or add them up.
| Figure | In context |
|---|---|
| $75.0 million | “As previously disclosed, on May 18, 2026, Energy Vault Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell senior secured convertible debentures in multiple tranches with an aggregate principal amount of up to $75.0 million and an initial tranche of $42.0 million funded at closing (the “Tranche 1 AR Convertible Debenture”).” |
| $42.0 million | “As previously disclosed, on May 18, 2026, Energy Vault Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell senior secured convertible debentures in multiple tranches with an aggregate principal amount of up to $75.0 million and an initial tranche of $42.0 million funded at closing (the “Tranche 1 AR Convertible Debenture”).” |
| $38.0 million | “Due to a material increase in the Company’s commercial backlog since the previously issued Quarterly Report for the quarter ended March 31, 2026 (please see Item 7.01 to this Current Report on Form 8-K for additional information), on June 29, 2026, the Company and the Investor entered into the first amendment to the Purchase Agreement (the “First Amendment”), pursuant to which the Company agreed to issue and sell an additional $38.0 million of senior secured convertible debentures to the Investor at a purchase price equal to 95% of such additional principal amount.” Mentions: backlog |
| $80.0 million | “In connection with the foregoing, the Company amended and restated the Tranche 1 AR Convertible Debenture (as amended and restated, the “Amended and Restated AR Convertible Debenture”) to give effect to the increased aggregate principal amount of $80.0 million.” |
Source passages
Exact excerpts from the source, with links. Quotes are checked character for character against our stored copy.
Form 8-K, Item 1.01 textAmendment to AR Convertible Debentures Securities Purchase AgreementU.S. Securities and Exchange Commission (EDGAR) · 8-K: 8-K · Jul 1, 2026 · Open the source ↗
Amount stated in the filingAs previously disclosed, on May 18, 2026, Energy Vault Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Investor”), pursuant to which the Company agreed to issue and sell senior secured convertible debentures in multiple tranches with an aggregate principal amount of up to $75.0 million and an initial tranche of $42.0 million funded at closing (the “Tranche 1 AR Convertible Debenture”).U.S. Securities and Exchange Commission (EDGAR) · 8-K: 8-K · Jul 1, 2026 · Open the source ↗
Amount stated in the filingDue to a material increase in the Company’s commercial backlog since the previously issued Quarterly Report for the quarter ended March 31, 2026 (please see Item 7.01 to this Current Report on Form 8-K for additional information), on June 29, 2026, the Company and the Investor entered into the first amendment to the Purchase Agreement (the “First Amendment”), pursuant to which the Company agreed to issue and sell an additional $38.0 million of senior secured convertible debentures to the Investor at a purchase price equal to 95% of such additional principal amount.U.S. Securities and Exchange Commission (EDGAR) · 8-K: 8-K · Jul 1, 2026 · Open the source ↗
Amount stated in the filingIn connection with the foregoing, the Company amended and restated the Tranche 1 AR Convertible Debenture (as amended and restated, the “Amended and Restated AR Convertible Debenture”) to give effect to the increased aggregate principal amount of $80.0 million.U.S. Securities and Exchange Commission (EDGAR) · 8-K: 8-K · Jul 1, 2026 · Open the source ↗
Revision history
- Revision 1 · Nov 11, 2026, 21:09 UTC
Energy Vault reports entry into a material definitive agreement (Form 8-K, Item 1.01)
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