The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Energy Vault Holdings, Inc. (“Energy Vault” or “the Company”) (NYSE: NRGV) f/k/a Novus Capital Corporation II (NYSE: NXU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Energy Vault is subject of a report issued by Culper Research on July 21, 2022, titled: “Energy Vault (NRGV): Gravitational Pull to Zero.” The report claims that “NRGV’s scientific and economic claims about the Vault hold no grounding in reality and the Company’s order book and financial projections are not to be relied upon.” Based on this report, shares of Energy Vault fell by 6% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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