• Energy Vault amended its securities purchase agreement with YA II PN to raise an extra USD 38 million of senior secured convertible debentures.
• The amended and restated AR Convertible Debenture increases aggregate principal to USD 80 million; interest stays 7.5%; maturity extends to July 1, 2027.
• New tranche priced at 95% of principal; net proceeds expected at about USD 34.6 million, including a 5% OID and USD 1.25 million fee.
• Conversion price set at 97% of the lowest VWAP over the prior four trading days, subject to a USD 1.19 floor.
• Agreement also lifts the total principal issuable under the facility to USD 150 million; conversion capped at 33,251,333 shares without stockholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Vault Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828536-26-000083), on July 01, 2026, and is solely responsible for the information contained therein.