<ul><li>Energy Vault, a Swiss gravity and kinetic-energy-based long-duration energy storage company, has announced the completion of its previously declared definitive business combination agreement with Novus Capital Corporation II, a publicly-traded special-purpose acquisition company (SPAC).</ul> 

• Energy Vault commenced trading on the New York Stock Exchange (NYSE) on Monday, February 14, 2022, under the new ticker symbols “NRGV” and “NRGV WS.”

<ul><li>The company generated gross proceeds of USD 235 million, including a USD 195 million fully committed private investment in public equity (PIPE) from Korea Zinc and Atlas Renewable and institutional investors, Adage Capital Partners LP, Pickering Energy Partners, Sailingstone Capital Energy Transition Strategy Fund, SoftBank Investment Advisers, Cemex Ventures, and Palantir Technologies, among others. The proceeds will be used to fund the growth and global deployment of Energy Vault’s breakthrough technologies.</ul> 

<ul><li> Analyst QuickTake: Energy Vault initially announced the SPAC deal in September 2021. Energy Vault is the second long-duration energy storage company to become publicly listed following ESS in October 2021 .</ul>