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NUSCALE POWER CorpSMR

Class A SMRCIK 0001822966

Cash in trust

$232M

$232,344,333

Trust per share

$10.10

Redemption value

IPO

Nov 2020

—

Combination deadline

—

Not disclosed

Filings on record

794

Latest Oct 30, 2026

Business combination

Target
Not disclosed in an indexed filing
Announced
Mar 26, 2021
Closed
May 5, 2022

Overview

NUSCALE POWER Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001822966. It completed its initial public offering in Nov 2020 and listing on NYSE. Class A shares trade under the ticker SMR on NYSE. The vehicle is sponsored by Spring Valley through Spring Valley Acquisition Sponsor, LLC. Business combination closed; the company trades under a new ticker.

“we intend to focus our search for a target operating in an alternative energy industry, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services.”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what NUSCALE POWER Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trust versus the $10 unit

    The trust holds $10.10 per public share, 1.0% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Sponsor promote

    The sponsor's founder block is 750,000 shares against 6,000,000 public shares, or 11.1% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.

  • Warrant coverage

    Each unit carried one-half warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Sponsor record

    Spring Valley has launched 4 vehicles. Of the 1 that have resolved, 1 closed a combination and 0 liquidated, a 100% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.

  • Underwriting

    Cowen led the offering. It has been named on 29 SPAC IPOs, book-running 23 of them, and 71.4% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

552802020-092026-10

794 filings in all. 20 in the last three months, against a busiest month of 55.

News on NUSCALE POWER Corp

Last 90 days

News sentiment

Neutral
negativeneutralpositive

Across 12 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0002100119-26-001663

    Oct 30, 2026

    1d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001922054-26-000009

    Oct 5, 2026

    26d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001194751-26-000006

    Oct 2, 2026

    29d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001197571-26-000002

    Oct 2, 2026

    29d ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-007180

    Oct 1, 2026

    1mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001922054-26-000007

    Sep 11, 2026

    1mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001922054-26-000005

    Sep 11, 2026

    1mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001922054-26-000003

    Aug 28, 2026

    2mo ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-006497

    Aug 27, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001957490-26-000004

    Aug 20, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001922054-26-000001

    Aug 19, 2026

    2mo ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-006142

    Aug 18, 2026

    2mo ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-006062

    Aug 17, 2026

    2mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000869178-26-000088

    Aug 14, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 9.01 · Accession 0001104659-26-094073

    Aug 11, 2026

    2mo ago

    View on EDGAR ↗
  • 424B5

    424B5

    Accession 0001104659-26-094065

    Aug 11, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001983680-26-000001

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 2.02, 9.01 · Accession 0001822966-26-000086

    Aug 5, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001822966-26-000085

    Aug 5, 2026

    2mo ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-005675

    Aug 5, 2026

    2mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0002012383-26-002835

    Jul 29, 2026

    3mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000079

    Jul 1, 2026

    4mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000078

    Jul 1, 2026

    4mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000076

    Jul 1, 2026

    4mo ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0001959173-26-004964

    Jun 30, 2026

    4mo ago

    View on EDGAR ↗
  • 4/A

    FORM 4/A

    Accession 0001957490-26-000002

    Jun 18, 2026

    4mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000073

    Jun 2, 2026

    5mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000071

    Jun 2, 2026

    5mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001822966-26-000069

    Jun 2, 2026

    5mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001956517-26-000002

    Jun 2, 2026

    5mo ago

    View on EDGAR ↗

Pro

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NUSCALE POWER Corp: questions answered

What is NUSCALE POWER Corp (SMR)?

NUSCALE POWER Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001822966. It completed its initial public offering in Nov 2020 and listing on NYSE. Class A shares trade under the ticker SMR on NYSE. The vehicle is sponsored by Spring Valley through Spring Valley Acquisition Sponsor, LLC. Business combination closed; the company trades under a new ticker.

How much does NUSCALE POWER Corp hold in trust?

Approximately $232,344,333, or about $10.10 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must NUSCALE POWER Corp complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if NUSCALE POWER Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in NUSCALE POWER Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.10 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does NUSCALE POWER Corp trade under?

Class A shares trade as SMR on NYSE. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for NUSCALE POWER Corp?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.10, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $5.62, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do NUSCALE POWER Corp's founder shares and warrants create?

The founder block is 750,000 shares against 6,000,000 public shares, so roughly 11.1% of the combined count sits with the sponsor at nominal cost. Each unit also carried one-half warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors NUSCALE POWER Corp, and what is their track record?

Spring Valley Acquisition Sponsor, LLC is the sponsor entity, part of the Spring Valley franchise. That franchise has launched 4 vehicles in total, of which 1 closed a combination and 0 liquidated, a 100% completion rate on resolved vehicles. Named principals: Christopher Sorrells.

Which banks underwrote the NUSCALE POWER Corp IPO?

Cowen, Wells Fargo, Drexel Hamilton, Siebert Williams Shank. Cowen and Wells Fargo were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is NUSCALE POWER Corp tradeable, and where?

Yes. SMR returned a live quote of $5.62 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is NUSCALE POWER Corp a good investment?

That is not a question this site answers. NUSCALE POWER Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this NUSCALE POWER Corp data come from?

Filings NUSCALE POWER Corp submitted to the SEC under CIK 0001822966: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Nov 1, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.