NuScale completes warrant redemption, receives $227.7M cash, issues 19.8M shares

NUSCALE POWER Corp

As of Dec 19, 2024, ~97% of outstanding public warrants were exercised at $11.50/share.
Holders received 19,800,548 shares of common stock in exchange for $227.7 million in proceeds.
All unexercised warrants redeemed at $0.01 each; no warrants remain outstanding.
Warrants have ceased trading on the NYSE.
Cash infusion strengthens balance sheet; dilution of ~19.8M shares.

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