Novus Capital Corp II: directors' dealings · United States · SEC (Form 4)

About Novus Capital Corp II

Novus Capital Corp II (ticker: NXU) is a U.S.-based special purpose acquisition company (SPAC), originally formed as a shell vehicle to complete a merger or similar business combination with an operating business. The company was incorporated in Delaware on September 29, 2020, and its initial mandate was to source and close a transaction rather than to run a standalone industrial or technology franchise. In that sense, Novus Capital Corp II should be understood less as a traditional operating company and more as a public-market acquisition platform built to bring a private business into the U.S. listed equity market. The company was historically listed in the United States on the NYSE under the NXU symbol. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828536/000141057822000107/nxu-20211231x10k.htm?utm_source=openai)) From a strategic standpoint, Novus Capital Corp II was not confined to a single industry vertical, but it disclosed a strong preference for targets at the forefront of high-growth technology themes. These included smart technologies, 5G communications, virtual reality, artificial intelligence, spatial computing, cloud analytics, machine learning, hardware and software distribution, value-added logistics services, sustainable smart city systems, and sustainable agricultural technology. That positioning is typical of a sponsor-led SPAC seeking a business with differentiated growth prospects and marketable equity-story appeal. The company’s SEC filings also identify Indianapolis, Indiana as its historical corporate address, which helps place the entity’s administrative base in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828536/000141057822000107/nxu-20211231x10k.htm?utm_source=openai)) The most important recent corporate event in Novus Capital Corp II’s history was its merger with Energy Vault, Inc., a company focused on gravity-based, grid-scale energy storage solutions. The business combination was announced in September 2021 and completed on February 11, 2022. At closing, Novus Capital Corp II changed its name to Energy Vault Holdings, Inc., meaning that NXU ceased to function as an independent operating listed company after the transaction. For investors tracking SEC Form 4 insider activity, the relevant point is that any insider transactions involving NXU are historical and relate to the SPAC structure or the pre-closing period rather than to an ongoing standalone business. As a result, NXU is best viewed as a U.S. NYSE-listed legacy SPAC record rather than an active, diversified operating issuer. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828536/000110465922023111/nrgv-20220215xs1.htm?utm_source=openai))