Sustainability-focused Spring Valley Acquisition II closed its initial public offering of 23 million units, which included the exercise in full by the underwriters of their overallotment option to purchase 3 million units.
Units trade on the Nasdaq under the ticker symbol SVIIU. Each consists of one share, one right to receive one-tenth of a share and one-half of a warrant.
When the securities begin separate trading, shares, rights and warrants are expected to list under the symbols SVII, SVIIR and SVIIW, respectively.
The SPAC intends to target companies in the sustainability industry, including renewable energy, resource optimization, environmental services, and grid infrastructure. Read more.
