other material
confidence high
sentiment neutral
materiality 0.60
NuScale Power redeems all outstanding warrants at $0.01 per warrant, deadline Dec 19, 2024
NUSCALE POWER Corp
- Redemption price $0.01 per warrant; redemption date is Dec 19, 2024 at 5:00 PM EST.
- Condition met: SMR common stock closed >= $18 for 20 of 30 trading days ending Nov 14, 2024.
- Holders may exercise warrants at $11.50 per share before deadline or receive only $0.01 per warrant.
- Warrants include 11.5M public warrants (IPO) and 8.9M private placement warrants, all redeemed.
- On Nov 14, 2024, SMR stock closed at $24.66; warrants closed at $13.20.