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

Will Palisades be the “comeback kid”?

Historic nuclear plant restart could happen in 2025.

April 11, 2025, 3:03PMNuclear News

Mike Mlynarek believes in this expression: “In the end it will be OK; and if it’s not OK, it’s not the end.”As the site vice president at Palisades nuclear power plant in Covert...

NuScale E2 Center opens at RPI

March 26, 2025, 9:30AMNuclear News

The opening of an Energy Exploration (E2) Center at Rensselaer Polytechnic Institute in Troy, N.Y., was announced by NuScale Power Corporation on March 24. The training center will provide...