Spring Valley Acquisition III closes $230M SPAC IPO, targets natural resources & decarbonization

Spring Valley Acquisition Corp. III

IPO of 23M units at $10.00 each (including full over-allotment) raised $230M gross; units trade on Nasdaq as SVACU.
Private placement of ~7.05M warrants to Sponsor and underwriters raised $6.34M.
$230M deposited into trust account for future business combination; deadline Sept 2027.
Board expanded to four members: Christopher Sorrells plus new appointees David Buzby, Debora Frodl, Richard Thompson.
Company to focus acquisition efforts on natural resources and decarbonization industries.

item 1.01item 3.02item 5.02item 5.03item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.