Energy Vault (NRGV): Scoggin-led group discloses 14.4M-share, 7.93% ownership stake
Rhea-AI Filing Summary
Energy Vault Holdings, Inc. received a Schedule 13G from a group of Scoggin- and Old Bell–related investment entities and individuals reporting beneficial ownership of its common stock. The group may be deemed to beneficially own 14,426,000 shares of common stock, including 2,875,000 shares issuable upon exercise of currently exercisable options, representing 7.93% of the outstanding common stock.
Within the group, Scoggin International Fund Ltd., Scoggin Management LP and Scoggin GP LLC each report beneficial ownership of 8,550,000 shares10,985,000 shares11,550,000 shares
Positive
- None.
Negative
- None.
Key Figures
Group beneficial ownership: 14,426,000 shares
Group ownership percentage: 7.93%
Options within group holdings: 2,875,000 shares
+3 more
6 metrics
Group beneficial ownership
14,426,000 shares
Shares of common stock beneficially owned collectively by the reporting group
Group ownership percentage
7.93%
Percent of Energy Vault common stock beneficially owned collectively
Options within group holdings
2,875,000 shares
Shares issuable upon exercise of options beneficially owned by the reporting persons
Scoggin International Fund holding
8,550,000 shares
Beneficially owned common shares, 4.70% of the class
Curtis Schenker holding
10,985,000 shares
Beneficially owned common shares, 6.04% of the class
Craig Effron holding
11,550,000 shares
Beneficially owned common shares, 6.35% of the class
Key Terms
beneficially own, sole voting power, shared dispositive power, Section 13(d)(3), +1 more
5 terms
beneficially own financial
"may be deemed to collectively beneficially own 14,426,000 shares of common stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole voting power financial
"5 | Sole Voting Power 8,550,000.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Section 13(d)(3) regulatory
"may be deemed to constitute a "group" with one another for purposes of Section 13(d)(3)"
Schedule 13G regulatory
"The Reporting Persons may be deemed to constitute a "group" with one another for purposes of Section 13(d)(3)... filed this schedule"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Energy Vault (NRGV) does the Scoggin/Old Bell group report owning?
The reporting group may be deemed to beneficially own 7.93% of Energy Vault common stock, or 14,426,000 shares, including 2,875,000 shares issuable upon exercise of currently exercisable options held by members of the group.
What are the individual reported holdings of Curtis Schenker in Energy Vault (NRGV)?
Curtis Schenker reports beneficial ownership of 10,985,000 Energy Vault shares, or 6.04% of the class. This includes shares he holds directly and shares held through CJS Partners LP, Carolyn Partners LP, and Scoggin International Fund Ltd. over which he has shared powers.
What portion of the reported Energy Vault (NRGV) holdings are tied to options?
Within the group’s reported position, there are 2,875,000 Energy Vault shares issuable upon exercise of options that are currently exercisable. These include 2,375,000 options at Scoggin International Fund Ltd. and 500,000 options counted in Craig Effron’s beneficial ownership.
Which smaller holders are part of the Energy Vault (NRGV) Schedule 13G group?
Additional reporting persons include Scoggin Worldwide Fund Ltd. (140,000 shares), Old Bellows Partners LP (140,000), Old Bell Associates LLC (140,000), Dev Chodry (276,000), Douglas Rothschild (30,000), and Michael Renoff (135,000).
AI-generated analysis. How Rhea-AI works. Not financial advice.