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

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.

Natura Resources Acquires Shepherd Power; NOV Becomes Strategic Partner and Investor

December 10, 2025

Energy

Natura Resources has acquired Shepherd Power from NOV Inc., adding Shepherd's regulatory, licensing, and reactor deployment expertise to accelerate commercialization of Natura's molten-salt small modular reactor (MSR) technology. NOV will partner with Natura on manufacturing and project execution, invest in Natura and appoint a board representative to support delivery of gigawatts of SMRs for data center and industrial customers in the early 2030s.

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.

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.

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.

Valley Ridge-Led Investor Group Recapitalizes National Power Corporation

July 10, 2019

Electrical Services

An investor group led by Valley Ridge Investment Partners, with capital and subordinated debt provided by Tecum Capital Partners and C3 Capital Partners, recapitalized National Power Corporation. Founder and CEO Eddie Youngblood remains with a minority stake; the financing will support hiring, service and product expansion, ERP upgrades and inorganic growth initiatives.