8-K
filed May 5, 2022, 7:59 PM ET
ticker SMR
CIK 0001822966
M&A
confidence high
sentiment neutral
materiality 0.85
NuScale completes de-SPAC merger with Spring Valley, begins trading on NYSE
NUSCALE POWER Corp
- PIPE investment of $235M from 23.7M shares of Class A common stock consummated at closing.
- Post-closing: 43.6M Class A shares, 178.4M Class B shares outstanding; Legacy NuScale holders own 80.4%, PIPE 10.7%, public 6.5%.
- Fluor Enterprises holds 56.9% of total common stock; Doosan & affiliates 6.8%; Japan NuScale Innovation 8.7%.
- NuScale Class A common stock (SMR) and warrants (SMR WS) began trading on NYSE on May 3, 2022.
- Registration Rights Agreement, Tax Receivable Agreement, and indemnification agreements entered into at closing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Temple was appointed as General Counsel and Corporate Secretary at NUSCALE POWER Corp.
- Action
- appointed
- Role
- General Counsel and Corporate Secretary
Exact text from the filing
John L. Hopkins was appointed as NuScale’s Chief Executive Officer and President, Chris Colbert was appointed as NuScale’s Chief Financial Officer, Jose N. Reyes was appointed as NuScale’s Chief Technical Officer, Dale Atkinson was appointed as NuScale’s Chief Operating Officer and Chief Nuclear Officer, and Robert Temple was appointed as NuScale’s General Counsel and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Quinn departed as Director at NUSCALE POWER Corp.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
William Quinn, Debora Frodl, Richard Thompson and Patrick Wood, III ceased serving on Spring Valley’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kimberly O. Warnica was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John L. Hopkins was appointed as Chief Executive Officer and President at NUSCALE POWER Corp.
- Action
- appointed
- Role
- Chief Executive Officer and President
Exact text from the filing
John L. Hopkins was appointed as NuScale’s Chief Executive Officer and President, Chris Colbert was appointed as NuScale’s Chief Financial Officer, Jose N. Reyes was appointed as NuScale’s Chief Technical Officer, Dale Atkinson was appointed as NuScale’s Chief Operating Officer and Chief Nuclear Officer, and Robert Temple was appointed as NuScale’s General Counsel and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Colbert was appointed as Chief Financial Officer at NUSCALE POWER Corp.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
John L. Hopkins was appointed as NuScale’s Chief Executive Officer and President, Chris Colbert was appointed as NuScale’s Chief Financial Officer, Jose N. Reyes was appointed as NuScale’s Chief Technical Officer, Dale Atkinson was appointed as NuScale’s Chief Operating Officer and Chief Nuclear Officer, and Robert Temple was appointed as NuScale’s General Counsel and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alan L. Boeckmann was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jose N. Reyes was appointed as Chief Technical Officer at NUSCALE POWER Corp.
- Action
- appointed
- Role
- Chief Technical Officer
Exact text from the filing
John L. Hopkins was appointed as NuScale’s Chief Executive Officer and President, Chris Colbert was appointed as NuScale’s Chief Financial Officer, Jose N. Reyes was appointed as NuScale’s Chief Technical Officer, Dale Atkinson was appointed as NuScale’s Chief Operating Officer and Chief Nuclear Officer, and Robert Temple was appointed as NuScale’s General Counsel and Corporate Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Debora Frodl departed as Director at NUSCALE POWER Corp.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
William Quinn, Debora Frodl, Richard Thompson and Patrick Wood, III ceased serving on Spring Valley’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alvin C. Collins, III was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James T. Hackett was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Thompson departed as Director at NUSCALE POWER Corp.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
William Quinn, Debora Frodl, Richard Thompson and Patrick Wood, III ceased serving on Spring Valley’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kent Kresa was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick Wood, III departed as Director at NUSCALE POWER Corp.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
William Quinn, Debora Frodl, Richard Thompson and Patrick Wood, III ceased serving on Spring Valley’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Sorrells was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher J. Panichi was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John L. Hopkins was elected as Director at NUSCALE POWER Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
John L. Hopkins, Alan L. Boeckmann, Alvin C. Collins, III, James T. Hackett, Kent Kresa, Christopher J. Panichi, Kimberly O. Warnica, and Christopher Sorrells were elected as directors of NuScale
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dale Atkinson was appointed as Chief Operating Officer and Chief Nuclear Officer at NUSCALE POWER Corp.
- Action
- appointed
- Role
- Chief Operating Officer and Chief Nuclear Officer
Exact text from the filing
John L. Hopkins was appointed as NuScale’s Chief Executive Officer and President, Chris Colbert was appointed as NuScale’s Chief Financial Officer, Jose N. Reyes was appointed as NuScale’s Chief Technical Officer, Dale Atkinson was appointed as NuScale’s Chief Operating Officer and Chief Nuclear Officer, and Robert Temple was appointed as NuScale’s General Counsel and Corporate Secretary.
View on SEC.gov
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