Spring Valley Acquisition Corp. IV closes $230M IPO, including full over-allotment

Spring Valley Acquisition Corp. IV

Sold 23,000,000 units at $10.00 per unit, gross proceeds $230,000,000.
Underwriters exercised over-allotment in full for 3,000,000 additional units.
Private placement of 7,046,111 warrants at $0.90 each generated $6,341,500.
Net proceeds of $230M placed in trust account; company has $1.27M cash outside trust.
Deferred underwriting fee of $9.2M recorded; accumulated deficit of $8.0M.

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