regulatory
confidence high
sentiment negative
materiality 0.80
Spring Valley Acquisition II delisted for missing business combination deadline; extension approved
Spring Valley Acquisition Corp. II
- Received Nasdaq notice on Oct 14, 2025 that securities will be delisted for failing to complete business combination by Oct 12, 2025; trading suspended Oct 21.
- Shareholders approved extending business combination deadline to 45 months from IPO, with sponsor deposits up to $0.01 per public share per month for up to 6 months.
- Only 151 Class A shares redeemed (~$1,801) out of 2,213,278 outstanding, leaving ~$26.4M in trust.
- Company intends to continue pursuing a business combination and relisting on Nasdaq, but no assurance given.