secwatch.observer — SEC 8-K summary
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Issuer:     NUSCALE POWER Corp (SMR)
CIK:        0001822966
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001822966-25-000173
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuScale reports Q3 results; Fluor to convert and monetize stake by Q2 2026
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- Revenue and cost of sales increased $7.8M and $5.2M YoY; G&A surged $502.2M due to $495M milestone contribution to ENTRA1.
- Cash, equivalents, and investments at $753.8M; sold 13.2M shares via ATM for $475.2M gross proceeds.
- ENTRA1 signed agreement with TVA to deploy up to 6 GW of NuScale SMR capacity.
- Fluor to convert all Class B units to Class A shares and monetize by end of Q2 2026 with volume restrictions.
- Fluor agreed to vote for authorized share increase and reduce tax receivable agreement rights; NuScale limited on equity issuances through Feb 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822966/000182296625000173/0001822966-25-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822966/000182296625000173/smr-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001822966-25-000173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer