NuScale IPO or SPAC? How to buy this nuclear reactor maker's stock?

3 min read | December 16, 2021 12:12 AM AEDT | By Raza Naqvi

NuScale IPO or SPAC? How to buy this nuclear reactor maker's stock? — Image source: © Demidovichphotostock | Megapixl.com

All you need to know about NuScale's public debut

NuScale will merge with a special purpose acquisition company called Spring Valley Acquisition Corp and it expects to get US$ 413 million in net proceeds.

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As part of the transaction, the net proceeds will include private investment in public equity (PIPE) worth US$ 181 million and it will be led by investors like Samsung C&T Corporation and Pearl Energy, among others.

How to buy NuScale stock?

In December, a lot of companies are taking the SPAC merger route to go public instead of an initial public offering. On December 14, Footprint announced a SPAC merger to go public and it is an Arizona-based materials science technology company.

The combined entity will be known as NuScale Power Corporation after the deal closes and trade on Nasdaq. NuScale will use the stock symbol SMR to trade in the US equity markets.

NuScale IPO or SPAC? How to buy this nuclear reactor maker's stock

Bottom line

NuScale is looking to grow rapidly and aims to use the net proceeds to scale up its commercial products. The company is also looking to become cash flow positive by going public.

The Portland-based company is involved in designing and marketing small modular reactors. NuScale is working to use scalable nuclear technology to generate electricity and produce clean water to improve the quality of life of people worldwide.

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