secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001104659-21-150537
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor's NuScale to merge with Spring Valley, become public SMR company; Fluor to own ~60%
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- NuScale Power, a Fluor subsidiary, signs merger agreement with Spring Valley Acquisition Corp.; closing expected H1 2022.
- Spring Valley will rename to NuScale Power Corporation, trading on Nasdaq under ticker SMR.
- PIPE investment of $211M from investors; Fluor projects ~60% ownership in combined company after close.
- Fluor has invested over $600M in NuScale since 2011; will continue as exclusive engineering and project management partner until 2041.
- NuScale's SMR technology is the only one with NRC Standard Design Approval; modules produce 77 MW each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000110465921150537/0001104659-21-150537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000110465921150537/tm2135572d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-150537

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