Spring Valley Acquisition’s Form S-4 outlining a proposed merger with nuclear pwoer company NuScale has been declared effective by the SEC, the SPAC said.
A shareholder vote on the deal is set for April 28.
Earlier this week Spring Valley announced that its PIPE financing ensures the minimum cash threshold for the business combination can be met, pending satisfaction of remaining closing conditions.
Since the merger announcement in December, $165 million of NuScale equity has been secured in PIPE commitments or sold at $10 per share, including $55 million in PIPE commitments and Fluor’s $110 million secondary sale to JBIC. Read more.
