BUILDING A BETTER TOMORROW
Spring Valley is an asset management firm based in Dallas, TX with a family of investment vehicles formed for the purpose of acquiring or merging with a business in the energy or decarbonization markets. Over the past five years, the Spring Valley platform has raised $920 million across four initial public offerings and over $450 million in capital raised or committed in connection with completed or pending business combinations. In addition, the platform’s initial business combination has facilitated approximately $4.0 billion of aggregate shareholder liquidity through public-market trading and secondary transactions following the completion of the transaction.
Spring Valley seeks to merge or acquire companies with an equity value approximately $1 billion or more that capitalize on the expertise and ability of Spring Valley’s management team, Board of Directors, and Sponsor. Our objective is to acquire a privately held business that can benefit from our financial acumen, operational expertise, and industry network to grow into a leading publicly traded bellwether. We plan to leverage our team’s unique experience and partnership approach to investing to create a growth plan for a target company that delivers superior shareholder value.
In May 2022, Spring Valley I merged with NuScale Power (NYSE: SMR) at a $2.2 billion equity valuation, marking a pivotal milestone in the energy sector, establishing the world’s first publicly traded company focused exclusively on Small Modular Reactor (SMR) technology. This transaction included $235 million PIPE from strategic and financial investors, including DS Private Equity, Nucor, Samsung C&T, SailingStone Capital, Segra Capital Management, and Spring Valley’s sponsor, Pearl Energy and $110 million in secondary sales by the majority shareholder.
In July 2025, Spring Valley II entered into a definitive agreement to merge with Eagle Energy Metals Corp. at a $300 million equity valuation, a next-generation nuclear energy company with rights to the largest mineable, measured, and indicated uranium deposit in the United States, and proprietary SMR technology. This transaction included a $30 million PIPE with Alyeska Investment Group.
In January 2026, Spring Valley III entered into a definitive agreement to merge with General Fusion at approximately $1 billion equity valuation, a leading fusion energy company based in Richmond, Canada, with over 200 patents and backed by leading institutional investors, establishing the world’s first publicly traded company focused exclusively on fusion technology. This transaction included a $105 million PIPE with leading institutional investors.