Eagle Energy Metals and Spring Valley Acquisition Corp. II Business Combination Closes (Eagle Nuclear Energy Corp.)

NuScale Power Completes Merger with Spring Valley Acquisition Corp. to Become First Public SMR Technology Company

May 2, 2022

Energy

NuScale Power, LLC completed its previously announced business combination/merger with Spring Valley Acquisition Corp., creating the publicly traded NuScale Power Corporation. The deal resulted in an expected enterprise value of about $1.9 billion and approximately $380 million in gross proceeds, including $235 million from PIPE investors.

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.

Novus Capital Corporation II Business Combination with Energy Vault, Inc. (PIPE with Korea Zinc and Atlas Renewable)

February 11, 2022

Energy

Novus Capital Corporation II completed its business combination with Energy Vault, Inc., creating a publicly traded platform for gravity-based, grid-scale energy storage solutions. The transaction included a common stock PIPE anchored by Korea Zinc and Atlas Renewable, with proceeds used to fund growth and global deployment of Energy Vault’s technology.

General Fusion to Go Public via Reverse Merger with Spring Valley III

January 22, 2026

Energy

Fusion startup General Fusion plans to go public through a reverse merger with special purpose acquisition company Spring Valley III, along with additional investment from institutional investors. If the deal closes as planned, the transaction could provide General Fusion up to $335 million and value the combined company at about $1 billion.

AeroFarms To Merge With Spring Valley Acquisition (SPAC) and Become Public on Nasdaq

March 26, 2021

Food & Beverage

AeroFarms entered into an Agreement and Plan of Merger with Spring Valley Acquisition Corp. (Nasdaq: SV), with AeroFarms set to become a publicly traded company on Nasdaq under the ticker symbol ARFM. The deal includes an anchored PIPE and is valued at an approximately $1.2 billion pro forma equity value (assuming no redemptions), with about $317 million of unrestricted cash expected at close.

EQT Infrastructure VI to Acquire Eagle Railcar Services

April 1, 2025

Transportation

EQT announced it has entered into a definitive agreement to acquire Eagle Railcar Services, a North America-based provider of regulatorily mandated railcar repair and maintenance services. The deal is expected to close in Q2 2025 and EQT plans to partner with Eagle’s management to support growth, operational excellence, automation/digitization, and geographic expansion.