ACON S2 Acquisition shareholders are scheduled to vote Oct. 5 on the SPAC’s proposed merger with ESS, a manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications. The SPAC added that its registration statement on the deal has been declared effective by the SEC.
Announced in May, assuming no redemptions the transaction will provide approximately $465 million of pro forma net cash to the combined company, including a $250 million PIPE. The deal values ESS at $1.1 billion. Read more.
