Every 10-Q that Spring Valley Acquisition Corp. III (SVAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SVAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SVAC filings page.
Spring Valley Acquisition Corp. III reported a very large quarterly net loss of $423.3 million for the three months ended March 31, 2026, almost entirely driven by a non‑cash subscription agreement expense tied to its proposed business combination with General Fusion. This created a subscription agreement liability of $425.2 million on the balance sheet and pushed accumulated deficit to $433.5 million, resulting in significant shareholders’ deficit.
The SPAC held $234.7 million of IPO proceeds in its Trust Account and $665,383 in cash outside the trust, with 23,000,000 Class A shares redeemable at about $10.20 per share. Management disclosed that current liquidity raises substantial doubt about the company’s ability to continue as a going concern and is relying on completing the General Fusion business combination and potential sponsor funding.
Spring Valley Acquisition Corp. III reported its first quarter as a public SPAC after closing its IPO on September 5, 2025. The company posted net income of $440,065 for the three months ended September 30, 2025, driven by $585,241 of interest earned on assets in its trust and offset by $145,176 in general and administrative expenses.
Following the IPO of 23,000,000 units at $10.00 each (including the over-allotment), $230,585,241 is held in the Trust Account, with $1,185,609 in cash outside the trust for working needs and a working capital surplus of $1,084,768. There are 7,666,667 Public Warrants and 7,046,111 Private Placement Warrants outstanding, each exercisable for one Class A share at $11.50. Class A shares are recorded at a $10.03 redemption value per share. A deferred underwriting fee of $9,200,000 remains contingent on completing a business combination within 24 months.
Spring Valley Acquisition Corp. III filed its Q2 2025 10‑Q, showing formation-stage activity and a small net loss as it prepared for its IPO. For the period ended June 30, 2025, the company reported a net loss of $16,620 driven by formation, general and administrative costs, and a working capital deficit at quarter end.
Subsequently, the SPAC completed its Initial Public Offering of 23,000,000 units at $10.00 per unit, including the full over‑allotment, for gross proceeds of $230,000,000. It also sold 7,046,111 private placement warrants at $0.90 for proceeds of $6,341,500. Transaction costs totaled $14,319,936 (cash underwriting fee $4.6 million, deferred fee $9.2 million, other $519,936). Each unit includes one Class A share and one‑third of a redeemable warrant exercisable at $11.50 per share.
The SPAC has 24 months from closing to complete a business combination, with public shareholders entitled to redeem at amounts tied to trust funds. As of October 20, 2025, there were 23,000,000 Class A and 7,666,667 Class B ordinary shares issued and outstanding.