Novus Capital Corporation II Business Combination with Energy Vault, Inc. (PIPE with Korea Zinc and Atlas Renewable)

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.

NOVA Infrastructure Acquires ~70% of UGE International

May 28, 2024

Renewable Energy

NOVA Infrastructure has completed the acquisition of approximately 70% of the common shares of UGE International Ltd., a community solar and battery storage developer and operator. NOVA will partner with UGE's management and provide acquisition and growth capital to scale the company's community solar and battery storage platform across the U.S.

NuScale Power Completes Merger with Spring Valley Acquisition Corp. to Become First Public SMR Technology Company

May 2, 2022

Energy

NuScale Power, LLC completed its previously announced business combination/merger with Spring Valley Acquisition Corp., creating the publicly traded NuScale Power Corporation. The deal resulted in an expected enterprise value of about $1.9 billion and approximately $380 million in gross proceeds, including $235 million from PIPE investors.

Lincolnshire Management Acquires Powerhouse and Security Vault Works

October 18, 2019

Industrial Services

Lincolnshire Management invested in Powerhouse and Security Vault Works (SVW), combining the businesses to create a national provider of refresh, remodel and facilities maintenance services. VSS completed a concurrent minority investment in Powerhouse and WP Global Partners also co-invested, with the combined platform employing more than 650 workers and leveraging a nationwide subcontractor network.

SES Holdings Acquires Public Listing via Business Combination with Ivanhoe Capital Acquisition Corp

February 3, 2022

Manufacturing

SES Holdings Pte. Ltd. (SES) combined with SPAC Ivanhoe Capital Acquisition Corp. in a deal that was approved by Ivanhoe shareholders on February 1, 2022 and closed on February 3, 2022. The combined company began trading on the New York Stock Exchange on February 4, 2022 under the ticker symbol “SES,” following an upsized $275 million common stock PIPE supported by multiple global automakers and strategic investors.

Newborn Acquisition Corp Completes Business Combination with Nuvve; Nuvve Begins Trading on Nasdaq

March 22, 2021

Renewable Energy

Nuvve Holding Corp. completed a business combination with Newborn Acquisition Corp., enabling Nuvve to begin trading on the Nasdaq under the ticker NVVE. The transaction provided Nuvve approximately $62 million in cash proceeds (including a related private placement) to accelerate development and commercial deployment of its vehicle-to-grid (V2G) technology and related services.