nuclear-news

Buyer beware: NuScale tries a new way to get funding for its small nuclear reactor plan

An Oregon company is going public to raise money for nuclear power ambitions, OPD, 15 Dec 21, 

……………NuScale, headquartered in the Portland suburb of Tigard, will go public by merging with what’s known as a special purpose acquisition company, or SPAC. The company, Spring Valley Acquisition Corporation, is already publicly traded. Such mergers have recently gained popularity on Wall Street by allowing private companies the option to go public without the costs or risks associated with the more conventional initial public offering, or IPO.

Other Oregon businesses like the vacation rental company Vacasa and battery manufacturer ESS Tech have also gone public by merging with so-called “blank check” companies. In each of those cases, some investors pulled out when news of the mergers dropped, leaving each company with less money than they’d initially hoped……………

December 16, 2021 - Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, USA