Novus Capital II set a Feb. 10 meeting for shareholderrs to vote on its proposed merger with Energy Vault, which develops sustainable, grid-scale energy storage solutions.
The SPAC also said its registration statement on Form S-4 has been declared effective by the SEC.
The deal values the combined company at $1.1 billion. The transaction is expected to provide up to $388 million in gross cash proceeds to Energy Vault. Earlier this month the SPAC increased its PIPE by 50% to $150 million in support of the deal. Read more.
