Novus Capital II Adds $50M PIPE to Support Energy Vault Deal

Novus Capital II in an 8_K filing disclosed it has added $50 million to its PIPE for the planned merger with Energy Vault, which is engaged in gravity-based, grid-scale energy storage solutions.

That increases the PIPE to $150 million.

As announced in September, the transaction is expected to provide up to $388 million in gross cash proceeds to the combined company. Read more.

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