Welcome to our dedicated page for Spring Valley Acquisition III news (Ticker: SVAC), a resource for investors and traders seeking the latest updates and insights on Spring Valley Acquisition III stock.
Spring Valley Acquisition Corp. III (SVAC) is described as a blank check company whose purpose is to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Its public announcements focus on the structure and progress of its initial public offering on the Nasdaq Global Market and the characteristics of its units, Class A ordinary shares and redeemable warrants.
News related to Spring Valley Acquisition Corp. III centers on capital markets activity and its acquisition mandate. Coverage includes the pricing and closing of its initial public offering of units, the exercise of the underwriters’ overallotment option, and details about how the units are composed of Class A ordinary shares and fractional warrants. These updates describe when the units began trading under a unit ticker and outline expectations for separate trading of the Class A ordinary shares and warrants under the symbols "SVAC" and "SVACW."
The company’s disclosures also highlight its stated intention to focus on potential business combination opportunities in the natural resources and decarbonization industries, while retaining the flexibility to pursue a transaction in any sector or geographic location. Readers following SVAC news can review developments related to its capital raising, listing status, and any future announcements regarding its search for a suitable merger or acquisition target, as described in official communications.
This news page aggregates such company-specific items so that investors and observers can review public statements about the offering structure, listing details and acquisition focus of Spring Valley Acquisition Corp. III in one place.
Spring Valley Acquisition Corp. III (NASDAQ:SVACU) announced that starting September 30, 2025, holders of units from its initial public offering can begin trading Class A ordinary shares and warrants separately. The separated securities will trade on the Nasdaq Global Market under the symbols "SVAC" (Class A shares) and "SVACW" (warrants).
Units that remain unseparated will continue trading under "SVACU". Only whole warrants will trade, with no fractional warrants being issued. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate their units.
Spring Valley Acquisition Corp. III (NASDAQ:SVACU) has successfully completed its initial public offering, raising $230 million in gross proceeds through the sale of 23 million units at $10.00 per unit. The offering includes the full exercise of the underwriters' overallotment option for 3 million additional units.
Each unit comprises one Class A ordinary share and one-third of one redeemable public warrant. Whole warrants allow holders to purchase Class A ordinary shares at $11.50 per share. The units began trading on Nasdaq under "SVACU" on September 4, 2025, with the Class A shares and warrants expected to trade separately under "SVAC" and "SVACW" respectively.
The blank check company aims to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination.
Spring Valley Acquisition Corp. III (NASDAQ:SVACU) has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.
The units will trade on the Nasdaq Global Market under "SVACU" starting September 4, 2025, with the Class A shares and warrants expected to trade separately under "SVAC" and "SVACW" respectively. The SPAC aims to target opportunities in the natural resources and decarbonization industries. The underwriters have a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.
Starboard Value Acquisition Corp. (SVAC) has announced stockholder approval for its business combination with Cyxtera Technologies, a leader in data center services. This vote took place during a Special Meeting, with a Form 8-K filing to follow. Post-combination, SVAC will issue 106.1 million Class A shares to SIS Holdings and others, totaling 165.9 million shares outstanding with $493 million in cash available before expenses. The transaction is set to close on July 29, 2021, with trading under the new ticker CYXT commencing on July 30, 2021.
Starboard Value Acquisition Corp. (SVAC) announced a special meeting for stockholders on July 28, 2021, to vote on the merger with Cyxtera Technologies, Inc. Notice was sent on July 16, 2021, to stockholders recorded by June 28, 2021. Due to COVID-19, the meeting will be conducted remotely. Stockholders wishing to redeem their shares must do so by July 26, 2021. The merger is subject to stockholder approval and other customary conditions, with expectations to close post-meeting.
Summary not available.
Cyxtera Technologies announced a definitive merger agreement with Starboard Value Acquisition Corp. (SVAC), valued at approximately $3.4 billion. This merger positions the combined entity as the third largest publicly held global provider of retail colocation and interconnection services. Cyxtera, which has 61 data centers globally, reported estimated revenues of $690 million and an Adjusted EBITDA of $213 million in 2020. The transaction, expected to close mid-2021, will provide $654 million in proceeds to retire debt and support growth initiatives.
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