Spring Valley Acquisition Corp. II
SVII · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Spring Valley Acquisition Sponsor II, LLC, listed on Nasdaq in October 2022.
- What it's doing now
- It agreed in August 2025 to buy Eagle Energy Metals Corp., a lithium and uranium mineral exploration and mining company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Eagle Energy Metals Corp.
- Industry
- Materials — lithium and uranium mineral exploration and mining
- Deal value
- not stated in the filings we hold
- announced 22 August 2025
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 14 October 2022
- size not on file · 102.5% of each $10 unit into trust
- Headquarters
- 2100 MCKINNEY AVE., SUITE 1675, DALLAS, TX, 75201
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- BUZBY DAVID S (Director) · THOMPSON RICHARD JAMES (Director) · Quinn William J
- Listed securities
- SVII common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
At the 13 November 2024 event.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
7 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
redemption rate not stated in the filing
- 22 August 2025Deal announcedpassed
Combination with Eagle Energy Metals Corp.
Show the earlier 4 milestones
- 14 October 2022IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- Eagle Energy Metals Corp.— · announced 22 August 2025closedMaterialsSEC primary
Who has already taken their money back
1 filed eventEach time shareholders were offered their cash back, some took it. Heavy cash-outs drain the account and shrink the number of shares left — whatever remains has to carry the deal.
Worst single event
—
no filing states a pre-event share count
Shares redeemed, all events
12.72M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Nov 13, 2024Extensionno rate stated
The score
deterministic, from filed fieldsSVII is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Spring Valley Acquisition Corp. II was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker SVII. The company priced its initial public offering on October 14, 2022, under SEC file number 333-253156, pursuant to a registration statement on Form S-1 filed on February 16, 2021. It was classified under SEC SIC industry code 1090 (Miscellaneous Metal Ores) and described itself as a blank check company in its 424B4 prospectus. The company completed a business combination and no longer files with the SEC, a status established by a Form 425 filed on February 2, 2026. Its SEC CIK number is 0001843477.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The filing states there is no minimum cash condition and no net tangible asset requirement in the SVII articles, so the deal can close on whatever trust survives — and three extension votes have already taken most of it: 8,362,234 shares redeemed at about $10.85 ($90,726,471), 12,424,337 at about $11.43 ($142,085,423) and 151 at about $11.93, leaving approximately $26.4 million in trust at September 30, 2025. The PIPE is one accredited investor paying $29,700,000 for 29,700 Series A preferred shares, initially convertible at $11.88, plus warrants over 2,500,000 shares.
The deadline is October 17, 2025 and the meeting sits two days before it, so there is no margin - failure means automatic liquidation and redemption of the Class A ordinary shares at trust value less taxes payable and up to US$100,000 of dissolution interest. The merger agreement being amended and restated within two months of signing signals the Eagle Nuclear terms were unstable. Redemption at trust remains the certain alternative to a nine-month extension.
The rights conversion has a mechanical trap stated in the document: rights convert in MULTIPLES OF TEN, so a holder of fewer than ten rights, or of a number not divisible by ten, does not receive a whole share for the remainder. The registered warrant line — 20,000,000 warrants plus the 20,000,000 shares they would become — is a claim on the equity roughly two thirds the size of the 30,863,429 registered share line, so warrant overhang is a large part of this structure. Only one Class B share is outstanding, so the usual founder-share conversion is immaterial here.
Removing the monthly $0.02 per share deposit stops the trust accreting for holders, and the stated purpose is to make the sponsor's position saleable to another SPAC manager - the shell itself is the asset being marketed. Holders lose the contribution and gain only the possibility of earlier liquidation at board discretion. The trust floor of $11.43 exceeds the $11.30 market price, so redemption already pays more than selling.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: DEFM14A — Spring Valley Acquisition Corp. II's definitive proxy statement and Eagle Nuclear Energy Corp.'s prospectus. Under an Amended and Restated Agreement and Plan of Merger dated September 29, 2025 among SVII, Eagle Nuclear Energy Corp. as New Eagle, Spring Valley Merger Sub III, Inc., Spring Valley Merger Sub II, Inc. and Eagle Energy Metals Corp., Eagle stockholders receive an aggregate of 23,350,000 shares of New Eagle common stock at the Exchange Ratio. Why it matters: The filing states there is no minimum cash condition and no net tangible asset requirement in the SVII articles, so the deal can close on whatever trust survives — and three extension votes have already taken most of it: 8,362,234 shares redeemed at about $10.85 ($90,726,471), 12,424,337 at about $11.43 ($142,085,423) and 151 at about $11.93, leaving approximately $26.4 million in trust at September 30, 2025. The PIPE is one accredited investor paying $29,700,000 for 29,700 Series A preferred shares, initially convertible at $11.88, plus warrants over 2,500,000 shares.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Spring Valley Acquisition Sponsor II, LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1282 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/2 + R/10 · 102.5% of the $10 unit
from 424B4 0001104659-22-108908
Trading & liquidity
Company profile
Directors & officers
- BUZBY DAVID SDirector
- THOMPSON RICHARD JAMESDirector
- Quinn William J10% owner
- Youngblood SharonDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
7 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Spring Valley Acquisition Sponsor II, LLCwith 5 other reporting persons on the same schedule58.6% · SC 13G/AFeb 13, 2024 stale
- First Trust Capital Management L.P.with 1 other reporting person on the same schedule9.7% · SC 13GFeb 14, 2024 stale
- Camac Fund, LPwith 3 other reporting persons on the same schedule4.5% · SC 13GNov 19, 2024 stale
- MILLENNIUM MANAGEMENT LLCwith 1 other reporting person on the same schedule4.5% · SC 13G/AJan 24, 2023 stale
- GOLDMAN SACHS GROUP INCwith 1 other reporting person on the same schedule3.1% · SC 13G/AFeb 13, 2024 stale
- ARISTEIA CAPITAL LLC1.8% · SC 13G/ANov 12, 2024 stale
- Sculptor Capital LP0.2% · SC 13G/AFeb 14, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
38 full SEC filing texts archived — searchable, never lost.
- Vault note — SVII (Spring Valley Acquisition Corp. II)
vault-note · /vault/tickers/SVII
- Vault deal note — Eagle Energy Metals Corp. (SVII)
vault-note · /vault/deals/eagle-energy-metals-corp
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail7 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 1090 (Miscellaneous Metal Ores). The screen found it by filing SHAPE instead — S-1 2021-02-16 → 8-A12B 2022-10-12 → 424B4 2022-10-14 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 1090 + self-described blank check in 424B4 0001104659-22-108908; 424B 0001104659-22-108908 priced 2022-10-14 under S-1 0001104659-21-024298 (file 333-253156, an offering for cash); common ticker SVII off 10-Q 0001410578-25-001755 (2025-08-13); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-253156, which belongs to S-1 0001104659-21-024298 (2021-02-16) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2022-10-14). Ending PROVEN, not inferred: CLOSED per 425 0001104659-26-008936 (2026-02-02) — nsor group includes Pearl Energy; a $3.0 billion Texas-based firm focused on the North American energy sector. Spring Valley I successfully completed its business combination with NuScale Power, a leading U.S. small modular reactor (“SMR”) technology company in May 2022. SVII maintains a corporate website at https://sv-ac.com. Additional Information and Where to Find It In connection w. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Spring Valley Acquisition Sponsor II, LLC" sourced from prospectus definition (10-K) acc 0001104659-23-037862.
AI-extracted target (z-ai/glm-5.2, conf 0.95)
target recovered for a completed de-SPAC
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read
OTHER -> METALS_MINING, on 8-K 0001104659-26-018583: "fluctuations in spot and forward markets for lithium and uranium and certain other commodities (such as natural gas, fuel oil and electricity); (xiii) restricti"