CLASS ACTION NOTICE: Berger Montague Advises NuScale Power Corporation (SMR) Investors to Inquire About a Securities Fraud Class Action

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation for allegedly misleading investors about its commercialization strategy and financial performance during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired NuScale securities from May 13, 2025, to November 6, 2025 [1][2]. - Investors have until April 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - The complaint claims that NuScale misrepresented its partnership with ENTRA1 Energy LLC, which lacked experience in nuclear power projects [3]. - The lawsuit highlights that NuScale's general and administrative expenses surged to $519 million in Q3 2025, over 3,000% higher than the previous year, primarily due to a $495 million milestone payment to ENTRA1 [4]. Group 3: Financial Impact - Following the disclosures, NuScale's Class A shares fell more than 12%, dropping from $32.46 on November 6, 2025, to $28.43 on November 10, 2025 [5]. - CEO John L. Hopkins indicated that milestone payments to the Tennessee Valley Authority could exceed $3 billion [4].