Novus Capital II filed a registration statement on Form S-4 with the SEC, detailing it’s proposed acquisition of Energy Vault, a company developing sustainable, grid-scale energy storage solutions.
Announced in September, the transaction is expected to provide up to $388 million in gross cash proceeds to the combined company. As part of the deal, Novus II has received $100 million of commitments for a common stock PIPE anchored by Adage Capital Partners, Pickering Energy Partners, Sailingstone Capital Energy Transition Strategy Fund, SoftBank Investment Advisers, Cemex Ventures, Palantir Technologies and other investors. Affiliates and associates of Novus Capital also participated. Read more.
