Energy Vault Announces That Short Seller Bleecker Street Has Issued Retractions To Inaccurate And Misleading Report

Energy Vault | 16 May 2023

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault.

On December 8, 2022, Energy Vault issued a public response to the report, detailing the multiple factual inaccuracies, mischaracterizations and misinformation contained in the report.

Josh McMorrow, Chief Legal Officer of Energy Vault, stated, “The retractions issued by the short seller validate Energy Vault’s unwavering commitment to transparency, integrity, and the strength of our business. This commitment applies to every public statement or pre-approved customer announcement that we make. Bleecker Street’s retractions of its flawed ‘research report’ should help address the false and misleading information released in an attempt to negatively impact the near term performance of Energy Vault’s share price for personal gain. Our team’s daily focus remains as it always has - delivering value to our customers and shareholders.”...

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