other material
confidence high
sentiment negative
materiality 0.70
SVII shareholders approve extension to 36 months; ~12.4M shares redeemed, trust drops to $25M
Spring Valley Acquisition Corp. II
- Extension Amendment approved with 19,768,171 votes for, 477,482 against.
- Holders of 12,424,337 Class A shares redeemed at ~$11.43/share for approx. $142M total.
- Trust account reduced to ~$25.1M; 9,880,095 Class A shares remain outstanding.
- Sponsor entered non-redemption agreements covering 2,075,000 shares; will transfer 691,666 founder shares.