NuScale Power Corporation (SMR) Announces Effective Date of Form S-1 Registration Statement

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NuScale Power Corporation (NYSE: SMR) today announced that the Securities and Exchange Commission (“SEC”) has declared the company’s registration statement on Form S-1 (File No. 333-264910) effective at effective July 1, 2022. This statement does not imply that the SEC has approved or passed on the merits of the offering.

NuScale President and CEO John Hopkins said, “We are excited to take another step in our investment plan with the registration of shares held by pre-listed shareholders, PIPE investors and warrant holders. Registration will significantly increase our float, resulting in greater trading volume which will create more opportunities for investors interested in our company and our groundbreaking technology. We look forward to building on our strong public markets debut by continuing to demonstrate our long-term growth and value potential as a large and multifaceted driver of the global clean energy transition. Even as we seek to lead the next era of nuclear power, we are working hard to enable maximum accessibility and liquidity for our investors today. »

Registration statement relates to the issuance of up to 178,396,711 Class A common shares to be exchanged on a one-for-one basis (subject to adjustment) of Class B units of the predecessor company of NuScale , NuScale Power, LLC, an Oregon Limited Liability Company. In addition, the prospectus relates to the issuance of up to 11,500,000 shares of Class A common stock upon the exercise of NuScale Corp’s public warrants and the issuance of up to 8,900,000 common shares of Class A in the exercise of the private placement of NuScale Corp. Warrants and the resale of these shares. The Prospectus also relates to the resale from time to time by the Selling Securityholders named in the Prospectus (or their permitted transferees) of up to: 8,900,000 NuScale Corp Private Placement Warrants to purchase Class A, 23,700,002 shares of Class A common stock, which were originally purchased by the PIPE investors immediately prior to the completion of the merger, and 5,514,933 shares of Class A common stock held by Spring Valley Acquisition Sponsor Sub, LLC and its affiliates and former officers and directors of Spring Valley Acquisition Corp (“Spring Valley Founders”).

The SEC Effective Notice may be viewed on the SEC EDGAR website at www.sec.gov or directly accessible via the following link: https://www.sec.gov/Archives/edgar/data/0001822966/000110465922076587/tm2214378-7_424b3.htm

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification. under the securities laws of such state or territory. Past performance does not represent future results.

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