The stock of Energy Vault Holdings Inc (NRGV) closed the recent trading session at $11.1, gaining 13.61% from the previous trading session. The stock kept oscillating between $9.95 and $13.70. During the last check, the stock of NRGV rose in the pre-market, gaining 30.63%. On February 16, 2022, the company filed the form SC 13D with the SEC. The form refers to the statement of beneficial ownership of the securities.
News
On February 14, 2022, announced the beginning of trade on the New York stock exchange (NYSE) was. Energy Vault started trading under the ticker symbol of “NRGV”. The company also completed its business combination with Novus Capital Corporation II. Also, Energy Vault Holdings Inc declared Series C of $107M and a $50M license charge from Atlas Renewable to support the execution of its development strategy. The exchange will bring around $235 million in gross returns.
The CEO of Energy Vault Holdings (NRGV), Robert Piconi, said that they are thrilled to start this new chapter as Energy Vault converts into a public company. He further added that the strategic partnership provides them with an opportunity to increase shareholders’ value. These partnerships will also allow them to execute their growth strategy.
Moreover, Mr. Piconi concluded that he would like to thank all the employees, partners, and investors for believing in the company.
About NRGV
Energy Vault (NRGV) is a worldwide energy storage organization having expertise in gravity and kinetic energy. Energy Vault’s essential product is a gravity battery utilizing a multi-headed crane. The crane is used in storing energy by stacking weighty blocks made of composite material into a pinnacle. NRGV works on the mission to speed up the decarbonization of the planet by presenting the most manageable and efficient energy storage mechanics. Further, NRGV has a market capitalization of $1.48 billion. The company has its headquarter in Lugano, Switzerland.
