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Spring Valley Acquisition Corp. III Announces Closing of $230 Million Initial Public Offering
GlobeNewswire News Roomยท 2025-09-05 20:00
Core Points - Spring Valley Acquisition Corp. III successfully closed its initial public offering (IPO) of 23,000,000 units at a price of $10.00 per unit, raising total gross proceeds of $230 million on September 5, 2025 [1] - The units began trading on Nasdaq under the ticker symbol "SVACU" on September 4, 2025, with each unit consisting of one Class A ordinary share and one-third of one redeemable public warrant [2] - Cohen & Company Capital Markets served as the lead book-running manager for the offering, with Clear Street LLC acting as the joint book-runner [3] Additional Information - A registration statement for the securities became effective on September 3, 2025, and the offering was made only by means of a prospectus [4] - The press release includes forward-looking statements regarding the anticipated use of net proceeds from the offering, although no assurance can be given that these proceeds will be used as indicated [5] - Contact information for Spring Valley Acquisition Corp. III is provided for investor inquiries [6]