Ticker LaunchSPAC · Merger completed
Novus Capital Corporation II
Business combination with Energy Vault, Inc.
Novus Capital Corporation II is a blank-check company (SPAC) that raised $250M in its initial public offering on Feb 5, 2021, listing on New York Stock Exchange. It completed its business combination with Energy Vault, Inc. on Feb 11, 2022; the combined company is Energy Vault Holdings, Inc. (NRGV). TD Cowen led the IPO. Blank Rome advised the SPAC and Greenberg Traurig advised the underwriters on the IPO.
Energy Vault creates utility-scale energy storage products for grid resiliency that use gravity and potential energy. Its system pairs machine-vision AI software with composite bricks and mechanical crane systems to charge and discharge electricity, and it was created at the Idealab Studio incubator.
- Status
- Merger completed
- IPO date
- Feb 5, 2021
- IPO size
- $250M
- IPO exchange
- New York Stock Exchange
- Target
- Energy Vault, Inc.
- Announced
- Sep 9, 2021
- Closed
- Feb 11, 2022
- Combined company
- Energy Vault Holdings, Inc. (NRGV)
- IPO underwriters
- TD Cowen
- SPAC counsel (IPO)
- Blank Rome
- Underwriters' counsel (IPO)
- Greenberg Traurig
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Feb 5, 2021
- Deal announcement (8-K) Sep 9, 2021
- Press release
- All filings on EDGAR CIK 1828536
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