# EDGAR Filing Document

**Accession Number:** 0001828536
**File Stem:** 0001828536-23-000035
**Filing Date:** 2023-3
**Character Count:** 10307
**Document Hash:** 4ea6fe0d57630e11698b73c534d3bc7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001828536-23-000035.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001828536-23-000035

**CONFORMED SUBMISSION TYPE**: NT 10-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Energy Vault Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001828536
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **IRS NUMBER:** 853230987
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39982
- **FILM NUMBER:** 23789325

**BUSINESS ADDRESS:**
- **STREET 1:** 4360 PARK TERRACE DRIVE
- **STREET 2:** SUITE 100
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
- **BUSINESS PHONE:** 805-852-0000

**MAIL ADDRESS:**
- **STREET 1:** 4360 PARK TERRACE DRIVE
- **STREET 2:** SUITE 100
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Novus Capital Corp II
- **DATE OF NAME CHANGE:** 20201015

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|:---|
| **UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**<br>**FORM 12b-25**<br>**NOTIFICATION OF LATE FILING** |
| **UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**<br>**FORM 12b-25**<br>**NOTIFICATION OF LATE FILING** |
| **UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**<br>**FORM 12b-25**<br>**NOTIFICATION OF LATE FILING** |

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SEC File Number: 001-39982

CUSIP Number: 29280W109

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Check one):* | ☒ Form 10-K | ☐ Form 20-F | ☐ Form 11-K | ☐ Form 10-Q | ☐ Form 10-D |
|  | ☐ Form N-SAR | ☐ Form N-CSR |  |  |  |
|  | For Period Ended: | December 31, 2022 | December 31, 2022 | December 31, 2022 |  |
|  | ☐ | Transition Report on Form 10-K | Transition Report on Form 10-K | Transition Report on Form 10-K |  |
|  | ☐ | Transition Report on Form 20-F | Transition Report on Form 20-F | Transition Report on Form 20-F |  |
|  | ☐ | Transition Report on Form 11-K | Transition Report on Form 11-K | Transition Report on Form 11-K |  |
|  | ☐ | Transition Report on Form 10-Q | Transition Report on Form 10-Q | Transition Report on Form 10-Q |  |
|  | ☐ | Transition Report on Form N-SAR | Transition Report on Form N-SAR | Transition Report on Form N-SAR |  |
|  | For the Transition Period Ended: | For the Transition Period Ended: |  |  |  |

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*Read Instructions (on back page) Before Preparing Form. Please Print or Type.*<br>**Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.**<br>

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable

    

 **PART I — REGISTRANT INFORMATION**

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| |
|:---|
| **ENERGY VAULT HOLDINGS, INC.** |
| Full Name of Registrant |
| Former Name if Applicable |
| **4360 Park Terrace Drive, Suite 100** |
| Address of Principal Executive Office *(Street and Number)* |
| **Westlake Village, California 91361** |
| City, State and Zip Code |

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**PART II — RULES 12b-25(b) AND (c)**

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

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| | | |
|:---|:---|:---|
| | (a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense |
| ☒ | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
| | (c) | The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |

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**PART III — NARRATIVE**

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Energy Vault Holdings, Inc. (the "Company") is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the "Form 10-K"). The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense for the reasons set forth below.

***Reasons for Delay***

The Company has determined that it is unable to file the Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review process. As a result of the foregoing, BDO USA, LLP, the Company's independent registered public accounting firm, has not yet completed its audit procedures. The Company expects to file its Form 10-K on or before Friday, April 14, 2023, which is within the fifteen-calendar day extension provided by Rule 12b-25.

***Forward-Looking Statements***

This filing contains a number of forward-looking statements. Words such as "expect," "will," "working," and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of the Form 10-K and the estimated reporting of financial results. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Company's financial reporting, including the possibility that the Company will not be able to file its Form 10-K within the fifteen-day extension permitted by the rules of the U.S. Securities and Exchange Commission, the possibility that the Company will identify material errors in the financial information included in the full-year and quarterly preliminary financial results released on March 7, 2023 and in the financial statements included in its quarterly reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, the potential that the identification of such errors will be accompanied by the assessment that the Company's internal controls over financial reporting for such periods were ineffective, and that a restatement of the Company's financial statements for such periods may be required. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulation.

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**PART IV — OTHER INFORMATION**

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| | | | |
|:---|:---|:---|:---|
| (1) | Name and telephone number of person to contact in regard to this notification | Name and telephone number of person to contact in regard to this notification | Name and telephone number of person to contact in regard to this notification |
|  | Jan Kees van Gaalen | (805) | 852-0000 |
|  | (Name) | (Area Code) | (Telephone Number) |
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). |
|  |  |  | ☒ Yes ☐ No |
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |
|  |  |  | ☒ Yes ☐ No |

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If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.<br>The Company issued a press release on March 7, 2023 announcing its financial results for the year ended December 31, 2022 compared to the corresponding period for the prior fiscal year.<br>

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**ENERGY VAULT HOLDINGS, INC.**

    

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| Date: | March 31, 2023 | By | /s/ Jan Kees van Gaalen |
| | | | Name: Jan Kees van Gaalen<br>Title: Chief Financial Officer |

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