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NuScale Power (NYSE: SMR) shareholders approve Class A authorized share increase

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

NuScale Power Corporation reported that stockholders approved an amendment to its Certificate of Incorporation to increase authorized Class A common stock from 332,000,000 to 662,000,000 shares. The Certificate of Amendment was filed with the Delaware Secretary of State and became effective on December 16, 2025.

At the special meeting held on December 16, 2025, 213,044,209 shares of common stock were represented in person or by proxy, and a quorum was present. As of the November 17, 2025 record date, 282,843,482 Class A shares and 19,881,099 Class B shares were outstanding and eligible to vote. The share increase proposal passed with 184,482,987 votes for, 27,954,729 against and 606,493 abstentions, so a related adjournment proposal was rendered moot and not called for a vote.

Positive

  • None.

Negative

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Insights

NuScale shareholders approved a major increase in authorized Class A shares.

NuScale Power Corporation stockholders approved an amendment on December 16, 2025 to increase authorized Class A common stock from 332,000,000 to 662,000,000 shares. This amendment changes the company’s charter so it permits a larger number of Class A shares than before.

The voting results show strong support: 184,482,987 votes for, 27,954,729 against and 606,493 abstentions, with 213,044,209 shares represented. As of the November 17, 2025 record date, 282,843,482 Class A shares and 19,881,099 Class B shares were outstanding and entitled to vote, indicating high participation among eligible holders. Because the share increase was approved, the contingency proposal to adjourn the meeting to solicit additional proxies was not put to a vote.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
FORM 8-K
__________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 16, 2025
NuScale Power Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-39736
98-1588588
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
1100 NE Circle Blvd., Suite 350
Corvallis, OR
97330
(Address of principal executive offices)(Zip Code)
(971) 371-1592
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange
on which registered
Class A common stock, $0.0001 par value per shareSMRNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act.                                     ☐
 




Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

In connection with the approval by the stockholders of NuScale Power Corporation (the “Company”) at a special meeting of stockholders held on December 16, 2025 (the “Special Meeting”) as described in Item 5.07 below, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Certificate of Incorporation (as amended, the “Certificate of Incorporation”) to amend the Certificate of Incorporation to increase the number of authorized shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”) from 332,000,000 to 662,000,000 shares (the “Authorized Share Increase Amendment”).

The foregoing description of the Authorized Share Increase Amendment is qualified in its entirety by reference to the full text thereof filed herewith as Exhibits 3.1and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On December 16, 2025, the Company held the Special Meeting. As of the close of business on November 17, 2025, the record date for the Special Meeting (the “Record Date”), there were a total of 282,843,482 shares of Class A Common Stock and 19,881,099 shares of the Company’s Class B common stock, par value $0.0001 per share (together with the Class A Common Stock, the “Common Stock”) outstanding and eligible to vote. At the Special Meeting, 213,044,209 shares of Common Stock were represented in person or by proxy and, therefore, a quorum was present for the Special Meeting. A summary of the voting results for the following proposals, each of which is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on November 20, 2025, and first mailed to the Company’s stockholders on or about the date thereof, is set forth below.

1. Authorized Share Increase Amendment:

At the Special Meeting the Company’s stockholders approved the Authorized Share Increase Amendment as follows:

FORAGAINSTABSTAINBROKER NON-VOTES
184,482,98727,954,729606,4930

2. Adjournment Proposal:

Because the Authorized Share Increase Amendment was approved, the proposal to adjourn the Special Meeting, if necessary or appropriate, to solicit additional proxies if a quorum is not present or there are insufficient votes at the time of the Special Meeting to approve the Authorized Share Increase Amendment (the “Adjournment Proposal”), was rendered moot and was not called for a vote at the Special Meeting.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.
Description
3.1
Certificate of Amendment to the Certificate of Incorporation, as amended, of NuScale Power Corporation, effective December 16, 2025.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NuScale Power Corporation
Date: December 17, 2025By:/s/ Robert Ramsey Hamady
Name:Robert Ramsey Hamady
Title:Chief Financial Officer




FAQ

What did NuScale Power (SMR) stockholders approve at the December 2025 special meeting?

Stockholders approved an amendment to increase authorized Class A common stock from 332,000,000 to 662,000,000 shares in the Certificate of Incorporation.

How many NuScale Power Class A shares are authorized after the amendment?

After the amendment, NuScale Power is authorized to have 662,000,000 shares of Class A common stock, up from 332,000,000 previously.

What were the voting results for NuScale Powers authorized share increase?

The authorized share increase received 184,482,987 votes FOR, 27,954,729 AGAINST, and 606,493 ABSTAIN, with no broker non-votes.

How many NuScale Power shares were outstanding and eligible to vote on the record date?

As of the November 17, 2025 record date, there were 282,843,482 Class A shares and 19,881,099 Class B shares outstanding and eligible to vote.

What quorum was present at NuScale Powers December 2025 special meeting?

A total of 213,044,209 shares of common stock were represented in person or by proxy at the special meeting, and a quorum was present.

Was NuScale Powers adjournment proposal voted on at the special meeting?

No. Because the authorized share increase amendment was approved, the adjournment proposal was rendered moot and was not called for a vote.

What exhibit was filed with NuScale Powers 8-K related to this amendment?

NuScale filed Exhibit 3.1, the Certificate of Amendment to the Certificate of Incorporation, effective December 16, 2025.
NuScale Power Corporation

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