NuScale Power Files 8-K on Agreements
Ticker: SMR · Form: 8-K · Filed: Aug 11, 2025
Sentiment: neutral
Topics: material-agreement, filing-update
TL;DR
NuScale Power 8-K: Material agreements entered and terminated. Check financials.
AI Summary
NuScale Power Corporation filed an 8-K on August 11, 2025, reporting the entry into and termination of material definitive agreements. The filing also includes financial statements and exhibits. NuScale Power Corporation is incorporated in Delaware and its principal executive offices are located in Corvallis, Oregon.
Why It Matters
This filing indicates significant changes in NuScale Power's contractual relationships, which could impact its ongoing projects and financial standing.
Risk Assessment
Risk Level: medium — The termination of material definitive agreements can signal potential business disruptions or disputes, warranting closer examination.
Key Players & Entities
- NuScale Power Corporation (company) — Registrant
- August 11, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Corvallis, OR (location) — Address of principal executive offices
- SPRING VALLEY ACQUISITION CORP. (company) — Former company name
FAQ
What specific material definitive agreements were entered into by NuScale Power Corporation?
The filing indicates the entry into material definitive agreements but does not specify the details of these agreements in the provided text.
Which material definitive agreements were terminated by NuScale Power Corporation?
The filing states the termination of material definitive agreements, but the specific agreements are not detailed in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 11, 2025.
In which state is NuScale Power Corporation incorporated?
NuScale Power Corporation is incorporated in Delaware.
What is the business address of NuScale Power Corporation?
The business address of NuScale Power Corporation is 1100 NE Circle Blvd., Suite 200, Corvallis, OR 97330.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2025-08-11 09:20:30
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share SMR New York Stoc
- $500,000,000 — ng an aggregate offering price of up to $500,000,000 (the "Shares") through any of UBS, TD C
Filing Documents
- tm2522845d4_8k.htm (8-K) — 29KB
- tm2522845d4_ex1-1.htm (EX-1.1) — 218KB
- tm2522845d4_ex5-1.htm (EX-5.1) — 27KB
- tm2522845d4_ex5-1img001.jpg (GRAPHIC) — 7KB
- 0001104659-25-075986.txt ( ) — 509KB
- smr-20250811.xsd (EX-101.SCH) — 3KB
- smr-20250811_lab.xml (EX-101.LAB) — 33KB
- smr-20250811_pre.xml (EX-101.PRE) — 22KB
- tm2522845d4_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 11, 2025, NuScale Power Corporation (the "Company") entered into a Sales Agreement (the "Sales Agreement") with UBS Securities LLC ("UBS"), TD Securities (USA) LLC ("TD Cowen"), B. Riley Securities, Inc. ("B. Riley"), Canaccord Genuity LLC ("Canaccord")and Tuohy Brothers Investment Research, Inc. ("Tuohy Brothers") with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its Class A common stock, par value $0.0001 per share (the "Common Stock"), having an aggregate offering price of up to $500,000,000 (the "Shares") through any of UBS, TD Cowen, B. Riley, Canaccordor Tuohy Brothers as its "sales agent" (together, the "Sales Agents"). Under the Sales Agreement, the Company will set the parameters for the sale of Shares, including the number of Shares to be issued, the time period during which sales are requested to be made, limitations on the number of Shares that may be sold in any one trading day and any minimum price below which sales may not be made. Subject to the terms of the Sales Agreement, the sales agent may sell the Shares by any method that is deemed to be an "at the market offering" as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), including sales made through The New York Stock Exchange or any other trading market for the Common Stock. The Company will pay the sales agent a commission equal to up to 3% of the gross sales proceeds of any Shares sold through the sales agent under the Sales Agreement, and has provided each sales agent with customary indemnification and contribution rights. The Sales Agreement will terminate upon the earlier of (i) the sale of all Shares subject to the Sales Agreement or (ii) termination of the Sales Agreement in accordance with the terms and conditions set forth therein. Any Shares to be offered and sold un
02. Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement. In connection with the entry into the Sales Agreement, the Company terminated its at-the-market offering program pursuant to its prior sales agreement, dated as of November 8, 2024 ("2024 Sales Agreement"), between the Company and the sales agents named therein. The foregoing description of the 2024 Sales Agreement is not complete and is qualified in its entirety by reference to the full text of the 2024 Sales Agreement, a copy of which is filed as Exhibit 1.1 to the Company's Report on Form 8-K filed with the Securities and Exchange Commission on November 8, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 1.1 Sales Agreement, dated as of August 11, 2025, between the Company and the Sales Agents 5.1 Opinion of O'Melveny & Myers LLP 23.1 Consent of O'Melveny & Myers LLP (contained in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NuScale Power Corporation Date: August 11, 2025 By: /s/ Robert Ramsey Hamady Name: Robert Ramsey Hamady Title: Chief Financial Officer