NuScale Power Announces Effective Date of Form S-1 Registration Statement | Company

PORTLAND, Ore.–(BUSINESS WIRE)–July 7, 2022–

NuScale Power Corporation (NYSE:SMR), the leading provider of proprietary and innovative Small Modular Nuclear Reactor (“SMR”) technology, today announced that the Securities and Exchange Commission (“SEC”) has declared the statement of Company registration on Form S-1 (File No. 333-264910) effective July 1, 2022. Any such statement does not imply that the SEC has approved or issued an opinion 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 through the SEC EDGAR website at www.sec.gov or directly through 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.

About NuScale Power

NuScale Power (NYSE: SMR) is ready to meet the diverse power needs of customers around the world. It has developed small modular reactor (“SMR”) nuclear technology to provide power for power generation, district heating, desalination, commercial-scale hydrogen production and other applications. industrial heat. The revolutionary NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant can generate 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on consumer needs.

Founded in 2007, NuScale is headquartered in Portland, Oregon, with offices in Corvallis, Oregon; Rockville, Maryland; Charlotte, North Carolina; Richland, Washington; and London, UK.

To learn more, visit NuScale Power’s website or follow us on Twitter, Facebook, LinkedIn and instagram.

Forward-looking statements

This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “estimate”, ” plan”, “project”, “expect”, “intend”, “will”, “expect”, “anticipate”, “believe”, “seek”, “target”, or other expressions like that predict or indicate future events or trends or are not statements of historical fact. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially due to several factors. Caution should be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. Although NuScale may choose to update these forward-looking statements at some time in the future, NuScale expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NuScale’s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed on forward-looking statements.

THE INVESTMENT IN THE SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY, NOR HAS ANY AUTHORITY APPROVED OR APPROVED THE MERITS OF THE OFFER OR THE ACCURACY OR RELEVANCE OF INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.

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CONTACT: Investor and media contacts

Investor requests:

Gary Dvorchak, CFA

The Blueshirt Group

[email protected] Inquiries:

Diane Hughes

NuScale Power

[email protected] Gimbel or Max Gross

Global FGS

[email protected]

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA OREGON

INDUSTRY KEYWORD: NUCLEAR ENERGY OTHER ENERGY SERVICES

SOURCE: NuScale Power

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PUBLISHED: 07/07/2022 19:14 / DISK: 07/07/2022 19:14

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Sara H. Byrd