Monday, March 9, 2026

Novus Capital Corporation II and Energy Vault, Inc. Announce Completion of Business Combination, Establishing Public Sustainable, Grid-scale Energy Storage Solutions Provider

INDIANAPOLIS & LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–()–Novus Capital Corporation II (NYSE: NXU, NXU WS and NXU.U) (“Novus”) today announced the completion of its business combination with Energy Vault, Inc. (“Energy Vault”), the company developing sustainable, grid-scale energy storage solutions.

In connection with the completion of the business combination, Novus has been renamed Energy Vault Holdings, Inc. (the “Company”) and its common stock and warrants are expected to commence trading on the New York Stock Exchange on Monday, February 14, 2022 under the ticker symbols “NRGV” and “NRGV WS” respectively.

“We are tremendously excited to have completed this business combination with Energy Vault as they bring their proprietary energy storage solution to scale,” said Robert Laikin, Chief Executive Officer of Novus. “Rob…

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