SVIV SEC filings, in plain English
Everything Spring Valley Acquisition IV has filed with the SEC that we hold — 28 filings, newest first, 26 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Quarterly report (Form 10-Q) for the period ended June 30, 2026, providing unaudited financial statements and management discussion from Spring Valley Acquisition Corp. IV, a blank-check SPAC that completed its IPO in February 2026. The SPAC successfully raised $230M from its IPO (including full over-allotment) on Feb 11, 2026. As of June 30, 2026, trust holds $233,066,388 (including ~$3.1M interest). Class A shares subject to redemption are carried at $232,964,136 ($10.13/ share redemption value). Cash outside trust is $860,725 with $902,456 working capital surplus. No business combination has been announced. The SPAC has 24 months (until ~Feb 2028) to complete a deal. Net income for the six months was $2,767,666 entirely from trust interest. Why it matters: This is the SPAC's first periodic report post-IPO, establishing baseline trust value ($10.13/share — above the $10.00 IPO price due to interest accrual), cash position, and operating burn rate ($352K G&A in 6 months). For investors, it confirms the SPAC is in early search phase with no target announced, no stated deadline extension yet, and no working capital loans drawn. The trust accretion pattern matters for redemption calculation: the $232.96M redemption value already includes $19.3M of accretion above initial proceeds.
What changed vs 2026-05-15trust $231.1M → $233.1M +1%trust account, sponsor loans outstanding1 moved · 1 with no prior record of ours
- Trust account
- $231.1M$233.1M
- Sponsor loans outstanding
- $132K · unchanged
SpacBrain reads this as $1,991,286 was added to the trust between the two filings.
The clause “25,000 Prepaid insurance 75,000 Total Current Assets 978,956 25,000 Investments held in Trust Account 233,066,388 Long-term prepaid insurance 43,750 Deferred offering costs 58,225 Total Assets $ 234,089,094 $ 83,225 LIABILITIES, CLASS A”…
The clause …“2026 or (ii) the consummation of the Initial Public Offering. The Company had borrowed $ 132,234 under the Promissory Note, which was repaid at the closing of the Initial Public Offering on February 11, 2026. Borrowings under the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Routine compliance exhibit accompanying a Schedule 13G beneficial ownership report. The filing establishes that Spring Valley Acquisition IV Sponsor, LLC and its member, Christopher Sorrells, have mutually agreed to submit a combined Schedule 13G for their holdings of Class A ordinary shares with $0.0001 par value. The provided text is exclusively the Joint Filing Agreement dated August 7, 2026; it contains no share counts, percentage ownership data, or transaction pricing. The filing does not amend the trust account, alter the redemption deadline, trigger extension language, or disclose progress toward a target company. Why it matters: For investors monitoring redemption windows, sponsor capital commitments, and merger timelines, this document is procedurally neutral. The Sponsor LLC and Mr. Sorrells assert joint responsibility for the timeliness and accuracy of their respective disclosure statements under Rule 13d-1(k), confirming no structural changes to their ownership arrangement or investment thesis. Because it conveys no updates on target identification, PIPE financing, business combination voting outcomes, or trust preservation mechanisms, it does not materially affect current valuation models or redemption calculus.
What changed: A Schedule 13G beneficial ownership report accompanied by Exhibit A, a Joint Filing Agreement, filed under Rule 13d-1(k) to declare collective reporting obligations for holders of Spring Valley Acquisition Corp. IV shares. Nothing bearing on your tracked mechanics. The filing records existing beneficial ownership as of May 21, 2026 and discloses no movement in share quantity, voting percentage, redemption activity, trust valuation shifts, extension proceedings, target pursuit milestones, or sponsor conduct. Why it matters: The exhibit consolidates reporting for Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong, and designates Saul Ahn as the authorized signatory for the three Linden entities and as attorney-in-fact for Siu Min Wong under a June 10, 2019 power of attorney cited in prior Haymaker Acquisition Corp II filings. The text makes zero claims regarding customer relationships, revenue streams, market sizing, strategic initiatives, technology platforms, partnership arrangements, litigation exposure, or executive personnel. Because the agreement contains no numerical position data or operational disclosures, it provides no independent signal for tracking the February 10, 2028 deadline, the $10.13 trust floor, or sponsor accountability.
What changed: Quarterly report (Form 10-Q) for the period ended March 31, 2026, filed by Spring Valley Acquisition Corp. IV, a blank-check company that completed its IPO on February 11, 2026, and is still searching for a business combination target. No material changes regarding a business combination. The SPAC completed its IPO and remains in the search phase. Trust account holds $231,075,102 ($10.04 per share). Net income of $890,303 from trust interest. On April 29, 2026, the company withdrew $53,755 from trust for working capital. No extension, no deal announced. Why it matters: This filing confirms the SPAC is operational and has sufficient capital to search for a target. The trust per-share value is slightly above $10.00 due to interest. The withdrawal for working capital is routine. The deadline remains February 2028.
What changed: A Joint Filing Statement (Exhibit 99.1) attached to a Schedule 13G, formally executing Rule 13d-1(k) protocols to declare shared filing responsibility for beneficial ownership disclosures among Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross. According to the filing, the undersigned only acknowledge mutual responsibility for future amendments to the beneficial ownership statement. The document contains no updates to trust values, combination deadlines, redemption mechanics, extension provisions, business combination progress, or sponsor conduct. Why it matters: As stated in the dated May 13, 2026 exhibit, this joint acknowledgment ensures that Adage Capital Management, L.P. and the named individuals will file subsequent amendments collectively, streamlining regulatory compliance for this holder group. Because the text discloses no aggregate share counts or percentage thresholds, the filing does not currently alter redemption windows, dilution projections, or search-phase dynamics for the vehicle. Sponsor conduct remains unaffected, as the disclosure originates entirely from external holders rather than management.
What changed: A Form 8-K current report (Item 8.01) and an attached press release announcing the mechanical decoupling of publicly offered units into separate equity and warrant instruments. The filing establishes March 2, 2026, as the commencement date for holders to separately trade Class A ordinary shares (symbol SVIV) and warrants (symbol SVIVW), while unseparated units continue listing as SVIVU. Split execution requires investors to direct brokers to coordinate with transfer agent Continental Stock Transfer & Trust Company. These administrative adjustments leave the February 10, 2028 liquidation deadline, the $10.13 per share trust balance, and sponsor voting/control structures entirely untouched, confirming instead that the underlying registration statements became effective on January 30, 2026. Why it matters: Separating the instruments clarifies secondary pricing for warrants exercisable at $11.50 per share, which typically enhances liquidity options for shareholders without altering the SPAC's net asset value or triggering redemption gates. Regarding strategic substance, the attached press release outlines the platform's historical footprint and investment thesis. The issuer claims Spring Valley IV is structured to acquire businesses in the 'Power Infrastructure and Decarbonization sectors.' It states the broader Spring Valley platform has previously raised '$920 million across four initial public offerings' and secured '$475 million in PIPE funding or commitments,' while prior successful combinations facilitated 'approximately $4.0 billion of aggregate shareholder liquidity.' The disclosure credits specific historical merges with NuScale Power, Eagle Nuclear Energy Corp., and General Fusion. Chief Executive Officer Christopher Sorrells countersigned the 8-K, and Cohen & Company Capital Markets is designated for prospectus inquiries. The filing contains no audited revenue figures, customer concentration data, or active litigation updates.
What changed: Form 8-K Current Report confirming the consummation of an initial public offering and containing an attached audited balance sheet (Exhibit 99.1). The filing reports that Spring Valley Acquisition Corp. IV consummated its IPO on February 11, 2026, issuing 23,000,000 units at $10.00 per unit for $230,000,000 in gross proceeds, which includes the full exercise of the underwriters’ 3,000,000-unit over-allotment option. The Company simultaneously closed a private placement of 7,046,111 warrants (4,490,555 purchased by the Sponsor and 2,555,556 by underwriter representatives) at $0.90 per warrant for $6,341,500 in gross proceeds. Management states that $230,000,000, representing $10.00 per unit and including $9,200,000 in deferred underwriting commissions, was deposited into a trust account administered by Continental Stock Transfer & Trust Company. The attached audited balance sheet reflects $1,266,978 in unrestricted cash, $75,000 in accrued offering costs, $9,200,000 in deferred underwriting fee payable, and an $8,001,601 shareholders’ deficit arising from offering cost allocations. Why it matters: This filing activates the SPAC’s combination timeline and redemption mechanics. The Company states it must complete a business combination within 24 months of the February 11, 2026 IPO closing, establishing the liquidation window through February 2028. Public shareholders may redeem shares for a pro rata portion of the trust account (initially $10.00 per share) calculated two business days before a business combination closes. In the event of an unsuccessful combination, the underwriters have agreed to waive their $9,200,000 deferred underwriting commission, which will remain in the trust for shareholder distribution. The Sponsor has contracted to indemnify the Company if third-party claims reduce the trust value below $10.00 per share. Regarding additional substance, the Company’s Notes to Financial Statement (Note 1) state that management retains broad discretion over net proceeds, intends to apply substantially all funds toward acquiring a target with a fair market value of at least 80% of the trust’s net assets (excluding deferred underwriting commissions), and confirms there are zero current operations, zero operating revenues, no identified customer base, no existing partnerships or technology licenses, and no pending litigation or personnel changes beyond the signed Chief Executive Officer, Christopher Sorrells.
What changed: This is a Form 8-K filed by Spring Valley Acquisition Corp. IV to report the closing of its initial public offering and to file the associated material agreements (underwriting agreement, warrant agreement, insider letter, trust agreement, registration rights agreement, private placement warrant subscription agreements, administrative services agreement, and indemnity agreements), along with the amended charter and press releases. The company completed its IPO of 23,000,000 units at $10.00 per unit, including full exercise of the underwriters' over-allotment option, generating gross proceeds of $230 million. Simultaneously, it completed a private placement of 7,046,111 warrants to the sponsor and underwriters at $0.90 per warrant, generating $6,341,500. The combined proceeds of $230,000,000 were deposited into a trust account ($10.00 per public share). The company's amended and restated memorandum and articles of association were adopted, a new board of directors was appointed (David Buzby, Debora Frodl, Richard Thompson, joining Christopher Sorrells), and all principal IPO-related agreements were executed and filed. Why it matters: This filing establishes the fundamental terms and timeline for the SPAC's operation: the trust size ($230M, $10.00/share), the deadline to complete a business combination (September 5, 2027, or 24 months from closing, whichever is earlier, with possible shareholder extension), the redemption rights, the warrant terms ($11.50 strike, 7-year term, redeemable at $0.01 if $18.00 threshold met), lock-up provisions (founder shares: 1-year or $12.00 price trigger; private placement warrants: 30 days post-combination), insider commitments to vote for a deal and not redeem, and the administrative services arrangement ($30,000/month to sponsor). It provides investors with the complete contractual framework governing the SPAC's search for a target.
What changed: Form 424B4 prospectus registering Spring Valley Acquisition Corp. IV's initial public offering of $200,000,000 of units, each comprising one Class A ordinary share and one-fourth of one redeemable public warrant, priced at $10.00 per unit with a prospectus date of February 9, 2026. Why it matters: The $10.00 per unit trust deposit anchors the liquidation reference for public shareholders, though the filing explicitly warns creditor claims may take priority over public redemption rights, introducing tail risk to the trust balance. The 24-month operational window locks the 2028-02-10 terminal date, with extension votes mandating simultaneous proxy/tender redemption windows at the prevailing trust pro-rata amount; failure to secure a deal or shareholder-approved extension triggers 100% public share liquidation at the net trust balance.
What changed: A Form 8-A filing for the registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934, specifically listing Units, Class A ordinary shares, and Warrants on The Nasdaq Stock Market LLC. Mechanics & Status: The filing contains no updates to redemption schedules, trust account valuations, extension voting procedures, business combination targets, or sponsor governance. Redemptions, trust accrual, and the acquisition timeline remain governed by prior documents not included here. Why it matters: This routine exchange registration formalizes the legal listing of the SPAC’s public instruments and triggers ongoing Exchange Act reporting, but it does not alter the economic or procedural framework investors track. Because the filing expressly incorporates by reference the “Description of Securities” section from the original S-1 and files no exhibits or prospectus supplements, the warrant strike price ($11.50), unit composition, and share par value ($0.0001) remain fixed at their initial levels.
What changed: A routine compliance exhibit — Form 3 (initial insider ownership report). The filing identifies Director Richard James Thompson as the reporting person and explicitly states: ‘No non-derivative transactions or holdings reported.’ There are no amendments to the redemption deadline, no updates to the trust account value, no extension notices, no targets announced or due diligence progressed, and no changes to sponsor conduct or lock-up obligations. Why it matters: Form 3 registrations establish the SEC baseline for director/officer security holdings. Because the director reports zero non-derivative positions, the submission does not inject new insider capital, adjust the public float subject to redemption, or signal readiness to close a business combination. The filing leaves the publicly tracked $10.13 trust value and the February 10, 2028 liquidation deadline unchanged. For investors monitoring the SEARCHING phase, this procedural disclosure carries no mechanical impact on the de-SPAC timeline, shareholder exit options, or capital commitment signals.
What changed: FORM 3 — insider ownership report. The filing records that Jeffrey Schramm, Chief Financial Officer, disclosed no non-derivative transactions or holdings. Accordingly, there are no adjustments to the redemption calendar, trust preservation mechanics, extension voting procedures, deal progress markers, or sponsor conduct indicators linked to the referenced trust value of $10.13 per share or the business combination deadline of 2028-02-10. Why it matters: Per the submitted Form 3, the reporting person attributes zero equity movement to the CFO. During a SEARCHING phase, insider accumulation or disposition typically provides a measurable proxy for management conviction and compensation alignment; this null disclosure leaves those gauges unchanged. The exhibit contains no substantive claims regarding target pipelines, customer contracts, revenue runs, market sizing, technological capabilities, commercial partnerships, litigation status, or personnel shifts. Investors tracking redemption risk should treat this docket entry—as filed 2026-02-09 under submission identifier 0001104659-26-012258—as a routine compliance maintenance update and await definitive agreements, proxy materials, or trust distribution authorizations that would activate conversion/redemption mechanics or trigger sponsor forfeiture provisions before the 2028-02-10 expiration.
What changed: SEC Form 3, formally categorized in the text as an 'insider ownership report', filed by Spring Valley Acquisition IV Sponsor, LLC for Spring Valley Acquisition Corp. IV. Spring Valley Acquisition IV Sponsor, LLC, identified in the filing as a 10% owner, disclosed 'no non-derivative transactions or holdings.' The filing records zero movement in the sponsor’s direct or derivative equity positions, leaving insider alignment and capital contribution metrics mechanically unchanged. Why it matters: The submission contains no data regarding the SPAC’s $10.13 trust per share, the 2028-02-10 redemption deadline, proposed extension votes, or target acquisition timelines. Because the sponsor’s filing solely catalogs an unaltered baseline stake, it offers no signal on deal progress, corporate strategy, customer concentration, revenue projections, market sizing, technology development, partnership agreements, active litigation, or executive appointments. Investors tracking cash runway or redemption mechanics should treat this as routine administrative compliance; substantive shifts in the search period, trust liquidity, or sponsor activism would surface in subsequent Forms 4, proxy materials, or current reports rather than this initial holding snapshot.
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership. The filing identifies Robert Ira Kaplan as the reporting person for Spring Valley Acquisition Corp. IV and explicitly states “No non-derivative transactions or holdings reported.” There were no purchases, sales, conversions, or adjustments to equity positions disclosed. Why it matters: This routine compliance exhibit contains no information bearing on SVIV’s $10.13 trust per share, 2028-02-10 redemption deadline, extension trajectory, deal progress, or sponsor conduct. The absence of reported holdings or transactions means insiders did not adjust their capital position ahead of the search window close, which does not signal increased redemption pressure nor indicate imminent merger negotiations. The document holds no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; it functions purely as a baseline regulatory record confirming no change to the issuer’s ownership ledger.
What changed: This document IS a standard SEC Form 3 — insider ownership report [0001104659-26-012259] for Spring Valley Acquisition Corp. IV, filed by reporting person Sorrells Christopher Dixon. There are no changes to the SPAC’s structural or timeline mechanics. The filing explicitly states 'No non-derivative transactions or holdings reported,' indicating no movement in sponsor conduct, no alterations to the SEARCHING status, and no impact on the recorded trust share value of $10.13 or the firm deadline of 2028-02-10. Form 3 filings function solely as initial registration instruments when individuals become directors, officers, or 10% owners; they do not track secondary market activity or trigger extension/redemption clock adjustments. Why it matters: The filing contains zero forward-looking statements, customer metrics, revenue figures, market size estimates, technology descriptions, partnership announcements, or litigation claims. Its sole substantive declaration attributes the following titles and ownership tier to Mr. Sorrells, exactly as written in the source text: 'director, Chief Executive Officer, 10% owner.' The 10% designation reflects standard promoter-equity allocation language at the time of assuming fiduciary office, not a renegotiated economic term. By law, this baseline disclosure anchors Section 16 compliance and establishes the reference point for any future transaction reporting by named insiders before the 2028-02-10 combination window closes. Though procedurally routine, it confirms regulatory transparency over founder-aligned capital ahead of the active search phase.
What changed: A SEC Form 3, identified in its own terms as an 'insider ownership report' filed by director Debora Marie Frodl for Spring Valley Acquisition Corp. IV. According to the filing, the reporting person submitted 'No non-derivative transactions or holdings reported.' As stated in the document, this confirms zero movement in director equity, leaving the disclosed $10.13 per share trust balance unchanged, maintaining the 2028-02-10 liquidation deadline, and reflecting no altered sponsor or director conduct regarding redemption windows, extension timelines, or deal execution. Why it matters: Because the issuer and reporting person made no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel adjustments, this submission contains no operational or strategic substance beyond routine compliance. For investors tracking capital mechanics, the document simply verifies that a mandatory initial disclosure was completed without triggering trades or modifying the SPAC’s $10.13 trust/share metric or 2028-02-10 deadline, leaving the announced 'SEARCHING' phase fully intact for future deadline monitoring.
What changed: This filing is a Form 3 initial statement of beneficial ownership of securities, functioning as a routine compliance exhibit that discloses insider equity positions. As stated in the filing, reporting person David S. Buzby ('director') confirmed 'No non-derivative transactions or holdings reported.' Accordingly, there is no alteration to insider equity exposure, the $10.13 trust/share value, the 2028-02-10 redemption deadline, or the SEARCHING operational posture. Why it matters: While the document contains no assertions regarding customers, revenue, market size, technology, partnerships, or litigation, it serves as a verifiable checkpoint for Section 16 regulatory adherence. The explicit absence of reported holdings indicates no recent accumulation or liquidation by the named director, meaning sponsor conduct, trust distribution mechanics, and extension timelines remain governed solely by the previously filed prospectus and governing documents. Redemption investors face no new pricing, voting, or timing variables from this submission.
What changed: A Rule 461/460 acceleration request correspondence (CORRESP) filed with the SEC Division of Corporation Finance, jointly submitted by Cohen & Company Capital Markets and Clear Street LLC to fast-track the effectiveness of Spring Valley Acquisition Corp. IV’s Form S-1 Registration Statement (File No. 333-292884) to January 30, 2026, at 4:00 p.m. Eastern time. Following the filing’s required sequence, it first reports that the Representatives are requesting acceleration of the S-1 to become effective on January 30, 2026. Why it matters: Although mechanically silent on redemption calendars and trust valuation, the filing clarifies the capital formation trajectory through explicit underwriter quiet-period adherence. By contractually committing to delay sales and waive roadshows until 15 days post-preliminary prospectus, the Representatives signal a conservative distribution approach that prioritizes regulatory compliance over immediate market solicitation.
What changed: This is a Securities and Exchange Commission correspondence (CORRESP) requesting acceleration of a Registration Statement on Form S-1 under Rule 461, paired with an undertaking restricting roadshows and sales under Rule 433(h)(4). The filing does not alter the SPAC’s current SEARCHING status. Instead, the Company requests the S-1 become effective at 4:00 p.m. on January 30, 2026. The Company further undertakes, as stated in the submission, not to launch any road show or commence sales earlier than 15 days after January 22, 2026, the date of initial public filing of the Registration Statement. Why it matters: For investors tracking redemption schedules, trust account movements, extension votes, target acquisition progress, or sponsor conduct, this document introduces no operational shifts: it contains no merger proposals, trust amendment language, or target metrics that would impact shareholder liquidity windows. The explicit 15-day promotional pause limits near-term investor solicitation for the proposed offering, indicating the sponsor is deliberately withholding marketing activity while regulatory clearance proceeds.
What changed: A Rule 461 registration acceleration request and underwriter communication submitted to the SEC’s Division of Corporation Finance regarding Spring Valley Acquisition Corp. IV’s Form S-1 (File No. 333-292884). The filing requests acceleration of the Form S-1 effective date to January 30, 2026, at 4:00 p.m. Eastern time. Representing the underwriters, Jerry Serowik and Ryan Gerety confirm distribution of the Preliminary Prospectus dated January 22, 2026, and bind the representatives to launch no road show earlier than 15 days after January 22, 2026. Why it matters: This procedural correspondence advances the capital formation phase by aligning SEC effectiveness with underwriter readiness, which precedes any potential acquisition search. The stated road-show restraint and Rule 15c2-8 compliance attestations, made by the same signed representatives, reflect standard offering discipline rather than urgent valuation positioning or sponsor deviation. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or executive personnel.
What changed: SEC Correspondence Letter Requesting Acceleration of S-1 Effectiveness and Rule 433(h)(4) Roadshow Commitment. This document is a formal SEC correspondence letter filed by Spring Valley Acquisition Corp. IV. Pursuant to the text, the Company requests acceleration of the Form S-1 (File No. 333-292884) effectiveness to 4:00 p.m. on January 30, 2026. Chief Executive Officer Christopher Sorrells states the Company undertakes not to launch any Rule 433(h)(4)-defined road show earlier than 15 days after January 22, 2026, the date of initial public filing. Why it matters: The letter confirms active registration administration while the entity remains in a SEARCHING phase. Per the Company’s stated commitment, the Rule 433(h)(4) roadshow deferral will temporarily restrict structured investor outreach, indicating a compliance-paced capital markets strategy rather than an immediate pricing or deal-execution push.
What changed: A Rule 473(c) delaying amendment to the effective date of Spring Valley Acquisition Corp. IV’s Form S-1 registration statement (File No. 333-292884), executed by Chief Executive Officer and Chairman Christopher Sorrells on January 29, 2026. The filing postpones the effective date of the referenced S-1 registration statement to permit a future triggering amendment under section 8(a). It makes no reference to redemption deadlines, trust per-share balances, extension votes, target acquisitions, or sponsor governance changes. Why it matters: This procedural hold reflects sponsorship conduct directed by CEO/Chairman Christopher Sorrells, signaling continued regulatory pacing or internal review without impacting the investor liquidation timeline or trust account integrity. The document contains no substantive operational claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; it is strictly a statutory correspondence addressed to the SEC’s Division of Investment Management noting contact Jason T. Simon of Greenberg Traurig, LLP at (703) 749-1384.
What changed: Amendment No. 1 to Form S-1 Registration Statement (exhibits-only filing) for Spring Valley Acquisition Corp. IV's initial public offering. The company filed this amendment to add exhibits to the registration statement, including the underwriting agreement, amended and restated memorandum and articles of association, warrant agreement, specimen certificates, legal opinions, letter agreement, investment management trust agreement, registration rights agreement, private placement warrant subscription agreements, indemnity agreement, administrative services agreement, code of ethics, and committee charters. No changes were made to the prospectus or financials; the filing is solely to provide the exhibits required for the registration statement to become effective. Why it matters: This is a routine procedural step required to complete the registration statement for the SPAC's initial public offering. It does not affect the redemption calendar, trust value, extension, deal progress, or sponsor conduct. The SPAC remains in SEARCHING status with no announced target. The filing confirms the intended terms of the IPO (20 million units at $10.00, $10.13 per share trust value, 24-month deadline to 2028) and the standard lock-up, redemption, and governance provisions.
What changed: Registration statement on Form S-1 for initial public offering of a blank check company (SPAC) seeking to acquire a business in power infrastructure and decarbonization sectors. Initial filing of the S-1 registration statement; no prior public filings. Discloses proposed offering of 20,000,000 units (up to 23,000,000 with over-allotment) at $10.00 per unit, trust deposit of $200,000,000 (or $230,000,000 with over-allotment), 24-month deadline to complete a business combination (may extend with shareholder approval, no limit on extensions but not expected beyond 36 months), sponsor compensation (founder shares at ~$0.003 per share, private placement warrants at $0.90), dilution tables showing adjusted net tangible book value per share from $7.23 (no redemption) to $0.12 (maximum redemption, no over-allotment), conflicts of interest due to management's roles at Spring Valley II and III, and target focus on natural resources and decarbonization industries. Why it matters: This is the first detailed disclosure of SVIV's IPO terms and sponsor incentives. Investors can assess trust value ($10.00 per share), redemption mechanics, dilution from founder shares (sponsor paid $0.003 per share, creating substantial dilution for public shareholders), and conflicts of interest (management runs three other Spring Valley SPACs, with Spring Valley II and III still seeking or pending business combinations). The filing also reveals the sponsor's nominal cost for founder shares, which will result in significant dilution even if the combined company's stock trades well below $10.00.
What changed: A Division of Corporation Finance correspondence dated January 15, 2026, declining to review a draft Form S-1 registration statement originally submitted November 26, 2025, under CIK 0002098242. Deal progress advances procedurally as the staff advises it will not conduct a traditional comment period, instead mandating public filing at least 15 days prior to any road show per Rule 433(h)(4) or at least 15 days before a requested effective date. Why it matters: Foregoing regulatory review compresses the pre-effective timeline and places validation risk directly on Chief Executive Officer Christopher Sorrells and contact Stacie Gorman, because the SEC explicitly cautioned that its non-intervention does not absolve accuracy obligations. The letter contains zero assertions concerning prospective target customers, historical or projected revenue, addressable market size, proprietary technology, commercial partnerships, active litigation, or executive roster changes.
What changed: A confidential Draft Registration Statement on Form S-1 containing a preliminary prospectus filed with the SEC on November 26, 2025, registering the proposed initial public offering of 20,000,000 units (expandable to 23,000,000 units via a 45-day overallotment option) of Spring Valley Acquisition Corp. IV. The Registrant states it has a 24-month window from the offering close to complete an initial business combination, extendable up to 36 months if shareholders approve charter amendments at which point public shareholders may redeem their shares at the pro rata trust balance. Why it matters: This preliminary prospectus establishes the baseline economic structure, dilution mechanics, and conflict landscape governing all post-offering investor decisions.
In plain English
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.
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.
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.