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Spring Valley II (SVIIU) Prices $200M IPO


Spring Valley II (SVIIU) Prices $200M IPO

Oct 13, 2022 IPOs by Marlena Haddad

Spring Valley Acquisition Corp. II priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVIIU” Thursday, October 13, 2022.

The new SPAC intends to identify sustainable businesses positioned to benefit from macroeconomic and social trends impacting the economy. Spring Valley II is led by CEO and Chairman Christopher Sorrells and CFO Jeffrey Schramm and VP of Business Development Robert Kaplan.

Total SPAC deal count for 2022 year-to-date is now 80. This offering is expected to close on Monday, October 17.

Citigroup and Guggenheim Securities are the joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.