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Spring Valley Acquisition Corp. II Unit - SVIIU STOCK NEWS

Welcome to our dedicated page for Spring Valley Acquisition II Unit news (Ticker: SVIIU), a resource for investors and traders seeking the latest updates and insights on Spring Valley Acquisition II Unit stock.

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Rhea-AI Summary

Spring Valley Acquisition Corp. II (NASDAQ: SVIIU) announced on October 28, 2022, that holders of 23,000,000 units from its IPO can separately trade Class A ordinary shares, rights, and warrants. The IPO took place on October 13, 2022, with a registration statement approved by the SEC. The separated components are expected to trade under the symbols SVII, SVIIR, and SVIIW. The company is focused on mergers and acquisitions in the sustainability sector, targeting equity opportunities between $25 million and $150 million, facilitated by its sponsor, Pearl Energy Investment Management.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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Rhea-AI Summary

Spring Valley Acquisition Corp. II (SVIIU) has successfully closed its IPO, raising a total of $230 million. The offering included 23 million units priced at $10.00 each, following an overallotment option that brought in an additional 3 million units. Trading started on NASDAQ on October 13, 2022. The company aims to focus on acquisitions in the sustainability sector, leveraging support from its main sponsor, Pearl Energy Investment Management, which targets investments requiring $25 million to $150 million in equity capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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FAQ

What is the current stock price of Spring Valley Acquisition II Unit (SVIIU)?

The current stock price of Spring Valley Acquisition II Unit (SVIIU) is $11.18 as of April 16, 2024.
Spring Valley Acquisition Corp. II Unit

Nasdaq:SVIIU

SVIIU Rankings

SVIIU Stock Data

20.00M
1.24%
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