Greenberg Traurig, LLP has represented Spring Valley Acquisition Corp. IV in its initial public offering on the Nasdaq Stock Market, which raised $230 million. The IPO was priced at $10 per unit and included the underwriters’ full exercise of their overallotment option to purchase an additional 3 million units. Each unit comprises one Class A ordinary share and one-fourth of a redeemable warrant.
The units began trading on Nasdaq under the ticker symbol “SVIVU” starting February 10. Once separated, the Class A ordinary shares and warrants are expected to trade under “SVIV” and “SVIVW,” respectively.
Spring Valley Acquisition Corp. IV may seek a business combination in any sector or region but plans to leverage its management team’s global relationships and expertise, particularly in power infrastructure and decarbonization sectors.
Greenberg Traurig is also advising Spring Valley Acquisition Corp. II in its merger with Eagle Energy Metals, a uranium mining resource exploration company with rights to a significant U.S. uranium deposit, as well as Spring Valley Acquisition Corp. III in its business combination with General Fusion, a developer of Magnetized Target Fusion technology.
The legal team from Greenberg Traurig handling this transaction was led by Alan I. Annex, vice chair of the firm and senior chair of the Global Corporate Practice in Miami; shareholders Jason T. Simon in Northern Virginia and Adam S. Namoury in New York; and associate Yangyang Jia in Northern Virginia.
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