NuScale Power and Spring Valley Acquisition Corp. Announce $15 Million PIPE Investment from Nucor

Apr 06, 2022

NuScale Power, LLC (“NuScale” or the “Company”), the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (“SMR”) technology, and Spring Valley Acquisition Corp. (NASDAQ: SV, SVSVW) (“Spring Valley”), a publicly traded special purpose acquisition company, today announced that Nucor Corporation (NYSE: NUE) (“Nucor”) has committed to a $15 million private investment in public equity (“PIPE”) in furtherance of the NuScale-Spring Valley business combination. This increases the total PIPE commitment for this transaction to $236 million.

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