Energy Vault Holdings Inc. announced it has entered into a definitive funding agreement with YA II PN, Ltd. for up to $50 million in corporate debenture financing. This facility provides additional financial flexibility at the holding company level.
The financing is intended to support Energy Vault's continued growth in energy storage project development and execution activities. This capital infusion is crucial for advancing its strategic initiatives.
This funding arrangement complements the company's existing financial resources. It underscores Energy Vault's commitment to securing capital for its expanding portfolio of energy storage solutions.
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