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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.
Spring Valley Acquisition Corp. II (SVIIU) has successfully closed its IPO, raising a total of