NuScale Power and Spring Valley Acquisition Corp. Announce Satisfaction of Contingency for $30 Million of Samsung C&T Corporation's PIPE Investment

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Feb 02, 2022

NuScale Power, LLC (“NuScale” or the “Company”), the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (“SMR”) technology, and Spring Valley Acquisition Corp. (NASDAQ: SV) (“Spring Valley”), a publicly traded special purpose acquisition company, today announced that the previously disclosed contingency with respect to $30 million of Samsung C&T Corporation’s (“Samsung C&T”) PIPE investment has been satisfied.