November 29, 2022
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Energy Vault shows symptoms of SPAC hangover

By   /  Friday, July 22nd, 2022  /  Banking & Finance, Energy, Latest news, Regions, Subscriber content, Technology, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Energy Vault shows symptoms of SPAC hangover

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Energy Vault ‘a big player’ after SPAC deal and stock gains

By   /  Thursday, March 3rd, 2022  /  Banking & Finance, Energy, Latest news, left, Regions, Subscriber content, Technology, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Energy Vault ‘a big player’ after SPAC deal and stock gains

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Energy Vault shares drop 19% in first day on NYSE

By   /  Monday, February 14th, 2022  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, middle, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault shares drop 19% in first day on NYSE

Westlake-Village based Energy Vault began trading on the New York Stock Exchange at the opening bell on Feb. 14, but its shares struggled, dropping 18.7% on the first day as the market as a whole was down slightly. Energy Vault, which uses a gravity-based system to store and release energy generated by renewable sources, began Read More →

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Energy Vault prepares to start trading on NYSE

By   /  Friday, February 11th, 2022  /  Banking & Finance, East Ventura County, Energy, Latest news, middle, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault prepares to start trading on NYSE

Westlake Village-based Energy Vault will begin trading on the New York Stock Exchange the morning of Feb. 14, the company announced Feb. 11. Energy Vault, which uses a gravity-based system to store and release energy generated by renewable sources, announced plans in September to go public through a merger with Novus Capital Corp. II, a Read More →

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Energy Vault SPAC deal nearing completion

By   /  Tuesday, January 25th, 2022  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault SPAC deal nearing completion

Westlake Village-based Energy Vault will be listed on the New York Stock Exchange in the coming weeks, if its merger with a special purpose acquisition company gets final approval at the SPAC’s shareholder meeting on Feb. 10. Energy Vault, which uses a gravity-based system to store energy generated by renewable sources, announced plans in September Read More →

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Energy Vault to go public in SPAC deal

By   /  Thursday, September 9th, 2021  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault to go public in SPAC deal

Westlake Village-based Energy Vault will go public after entering into an agreement with the special purpose acquisition company Norvus Capital Corp., in a deal worth up to $388 million. The combined company will have an enterprise value of about $1.1 billion once the deal is complete, according to a Sept. 9 news release from Energy Read More →

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Opinion: Why investors fell in love with SPACs — and how the bubble burst

By   /  Thursday, July 1st, 2021  /  Banking & Finance, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Why investors fell in love with SPACs — and how the bubble burst

By Daniele D’Alvia, Queen Mary University of London What do Taylor Swift’s record company and Asian “superapp” Grab have in common? They are both part of Wall Street’s recent deal-making fad: special purpose acquisition companies (SPACs). SPACs are shell companies that are floated on the stock market with one purpose: to buy another company. This Read More →