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

A good narrative for nuclear power

March 21, 2025, 7:01AMANS Nuclear Cafe

During an interview for Kitco News at the 2025 Prospectors & Developers Association of Canada (PDAC) Convention, held in Toronto in early March, the chief executive of British...

RP3C Community of Practice’s fifth anniversary

February 24, 2025, 9:48AMNuclear NewsDaniel Moneghan and Brandon Chisholm

In February, the Community of Practice (CoP) webinar series, hosted by the American Nuclear Society Standards Board’s Risk-informed, Performance-based Principles and Policies Committee...