NuScale to go public using SPAC process

December 15, 2021, 12:07PMNuclear News

First reported last week by S&P Global Platts but confirmed only yesterday, small modular reactor developer NuScale Power plans to go public via a merger with Spring Valley Acquisition Corporation, a special purpose acquisition company, or SPAC. (SPACs are shell corporations listed on a stock exchange with the purpose of acquiring or merging with a private company, effectively taking that company public without going through the standard initial public offering process.)

To continue reading, log in or create a free account!

Related Articles

NRC approves NuScale uprated SMR design

June 2, 2025, 9:30AMNuclear News

NuScale earned approval for its “larger” US460 77-MWe small modular reactor plant design, the Nuclear Regulatory Commission announced last week.The standard design approval (SDA) is a...

Nuclear advocates push lawmakers in Texas

May 20, 2025, 7:01AMNuclear News

As state legislatures nationwide near the end of their spring sessions, nuclear advocates hope to spur momentum on Texas legislation that would provide taxpayer-funded grants to developers of...