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Novus Capital Corporation II (NYSE: NXU, NXUU, WS) has received stockholder approval for its business combination with Energy Vault, Inc. at a special meeting held on
Novus Capital Corporation II (NYSE: NXU, NXU WS, NXU.U) urges stockholders to vote for the proposed business combination with Energy Vault, Inc. The Special Meeting is scheduled for February 10, 2022, at 10:00 a.m. ET, where stockholders can approve the merger. Should the deal go through, trading of the combined entity's shares will commence under the new ticker symbols 'NRGV' and 'NRGV WS' on the NYSE. Stockholders are encouraged to submit their proxy votes by 11:59 p.m. ET on February 9, 2022.
Energy Vault, Inc. has announced a $50 million licensing deal with Atlas Renewable LLC and a $200 million upsized PIPE to fund its business combination with Novus Capital Corporation II (NYSE: NXU). The agreement, marking a first-of-its-kind partnership for gravity-based energy storage between a U.S. and Chinese firm, will support renewable energy projects in China. The initial deployment of a 100MWh energy storage system is set for 2022 in Jiangsu Province. The funds will ensure sufficient cash for the business combination, crucial for Energy Vault's expansion and sustainability efforts.
Novus Capital has appointed Lacy M. Johnson and Ittai Kidron as new Board Advisors. Johnson, a partner at Taft Stettinius & Hollister LLP, has extensive experience in public affairs and served on the Biden-Harris transition team. Kidron, Managing Director at Oppenheimer, is recognized for his expertise in ESG and has a strong background in finance. The company aims to lead in sustainable technology through its newly launched SPAC, Novus Capital Corporation II (NYSE: NXU.U), which raised $287.5 million and is targeting acquisitions in the smart technology and ESG sectors.