m_and_a
confidence high
sentiment neutral
materiality 0.90
Eagle Nuclear Energy completes de-SPAC merger, begins trading on Nasdaq under NUCL
Eagle Nuclear Energy Corp.
- Closing of merger between Spring Valley Acquisition Corp. II and Eagle; post-combination company renamed Eagle Nuclear Energy Corp.
- Approximately 1.8M shares redeemed for ~$21.8M; 410k public shares remain outstanding; PIPE raised $29.7M via preferred stock and warrants.
- Total shares outstanding: 29,580,033; common stock and warrants begin trading Feb 25 under NUCL and NUCLW.
- New board of five directors appointed; Mark Mukhija CEO; 180-day lock-up for Sponsor and other holders.
- Preferred stock convertible at $11.88/share with adjustment floor of $5.00; additional risk to dilution.