Energy Vault Announces Business Combination Agreement with Novus Capital Corporation II to Become Public Company

September 9, 2021Client News

Gunderson Dettmer client Energy Vault, a creator of gravity-based, grid-scale energy storage solutions with its proprietary technology, announced the signing of a definitive business combination agreement with Novus Capital Corporation II, a publicly traded special purpose acquisition company (SPAC).

The combined company will be named Energy Vault Holdings, Inc. and is expected to be listed on the NYSE under the ticker symbols “GWHR” and “GWHR WS.”

The Gunderson deal team was led by Corporate partner Michael Irvine, Public Offerings/Public Companies chair Jeffrey Vetter, Licensing, Strategic Partnering and Commercial Transactions partner Aaron Fiske, Executive Compensation partner Michael Richman, and associates Lily Kim, Sunny Kim, Daniel Reichert, Nathalya de Moraes Rego Zara, and Elizabeth Gimzewski.

Energy Vault