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Spring Valley Acquisition Corp. III Announces Pricing of $200 Million Initial Public Offering
Globenewswireยท 2025-09-04 04:06
Group 1 - The company, Spring Valley Acquisition Corp. III, has announced the pricing of its initial public offering (IPO) of 20,000,000 units at a price of $10.00 per unit, with trading expected to begin on September 4, 2025 [1] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at a price of $11.50 per share [1] - The offering is expected to close on September 5, 2025, subject to customary closing conditions [1] Group 2 - The company intends to focus on business opportunities in the natural resources and decarbonization industries, leveraging its management team's global relationships and sector expertise [2] - The management team aims to identify, acquire, and operate businesses that can benefit from their active management and operating experience [2] Group 3 - Cohen & Company Capital Markets is acting as the lead book-running manager for the IPO, with Clear Street as the joint book-runner [3] - The company has granted underwriters a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover overallotments [3]