Energy Vault Reminds Investors of Redemption of Public Warrants
Retrieved on:
Wednesday, July 27, 2022
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The Public Warrants were originally issued in connection with the Companys initial public offering in February 2021 (the IPO).
Key Points:
- The Public Warrants were originally issued in connection with the Companys initial public offering in February 2021 (the IPO).
- As previously announced on July 1, 2022, the Company provided notice to the holders of Public Warrants that such Public Warrants will be redeemed on August 1, 2022 (the Redemption Date) for a Redemption Price of $0.10 per Public Warrant, in accordance with their terms.
- As a courtesy, Energy Vault would like to remind any remaining holders of Public Warrants that if any of the remaining approximately 1.9 million Public Warrants are not exercised prior to 5:00 p.m. Eastern Time on August 1, 2022, such unexercised Public Warrants will be void and no longer exercisable, and the holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price of $0.10 per Public Warrant.
- None of Energy Vault, its board of directors, officers or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.