XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.22.2

Merger Transaction (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Reverse Recapitalization [Abstract] |
Schedule of Reverse Recapitalization | The following table provides the historical cost of the assets and liabilities assumed as a result of the Transaction:
Cash |  | $ | 341,462 |
Warrant liabilities |  | (47,532) |
Total net assets |  | $ | 293,930 |
The following summarizes the Common Stock outstanding immediately following the Transaction, on May 3, 2022:
|  | Shares |  | %
Spring Valley Class A Shareholders |  | 14,400,369 |  | 6.5 | %
Spring Valley Founders (B) |  | 3,871,009 |  | 1.8 | %
Total Spring Valley |  | 18,271,378 |  | 8.3 | %
Legacy NuScale Equityholders |  | 178,396,711 |  | 81.0 | %
PIPE Shares |  | 23,700,002 |  | 10.8 | %
Total Shares at Closing (excluding shares below) |  | 220,368,091 |  | 100.0 | %
Remaining NuScale Consideration Shares - upon Exercise of NuScale Corp Options |  | 14,742,933 |  |
Other - Earn Out Shares (A) |  | 1,643,924 |  |
Total Shares |  | 236,754,948 |  |
(A) Spring Valley Founders also receive “Earn Out Shares”, should certain criteria be met. Fifty percent of the Earn Out Shares vest, pursuant to the Sponsor Letter Agreement, if NuScale Corp trades at $12.00 per share or higher over any 20 trading days within a 30-day window during the 60 months following the closing and the dollar volume-weighted average price (“VWAP”) is greater than or equal to $12.00 per share. The remainder of the Earn Out Shares vest if NuScale Corp trades at $14.00 per share or higher over any 20 trading days within a 30-day window during the 60 months following the closing and the VWAP is greater than or equal to $14.00 per share.
(B) Includes an aggregate of 120,000 Spring Valley Class B ordinary shares that were issued to Spring Valley’s independent directors.

X
- Definition Reverse Recapitalization + References No definition available. + Details
Name: | smr_ReverseRecapitalizationAbstract
Namespace Prefix: | smr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Reverse Recapitalization + References No definition available. + Details
Name: | smr_ScheduleOfReverseRecapitalizationTableTextBlock
Namespace Prefix: | smr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration