Merus Global (SVAC) holds 1.975M Class A shares, an 8.6% stake

Rhea-AI Filing Summary

Merus Global Investments, LLC filed Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership in Spring Valley Acquisition Corp. III. The filing states Merus beneficially owns 1,975,000 Class A ordinary shares, representing 8.6% of the Class A outstanding.

The 8.6% percentage is calculated using March 6, 2026 outstanding share count of 23,000,000 Class A shares as reported by the issuer in its Form 10-K for the fiscal year ended December 31, 2025. The filing is signed by Amrita M. Mahabaleswara, General Counsel and Head of Compliance, on 05/15/2026.

Insights

Corporate Governance Expert

Institutional holder disclosure clarifies an 8.6% position in SVAC.

The filing documents that Merus Global Investments, LLC beneficially owns 1,975,000 Class A shares and holds sole voting and dispositive power over those shares. The percentage uses the issuer's stated outstanding share count as of March 6, 2026.

Recordings like this can inform governance conversations and filing-trigger thresholds; subsequent filings would show any change in voting power or disposition. Cash-flow treatment and any selling intentions are not stated in the provided excerpt.

Institutional Investor Relations

This is a routine 13G/A disclosure by a large holder, not an operational update.

The filing lists 1,975,000 shares and shows sole voting and dispositive power. It cites the issuer's 23,000,000 shares outstanding as of March 6, 2026 to derive the 8.6% stake.

Investor-relations teams would view this as a permanent ownership disclosure; any changes in percentage or intentions would appear in future amendments or other SEC filings.

Key Figures

Beneficial ownership: 1,975,000 shares Percent of class: 8.6% Shares outstanding (anchor): 23,000,000 shares +2 more

5 metrics

Beneficial ownership 1,975,000 shares Class A ordinary shares reported by Merus Global

Percent of class 8.6% Calculated using outstanding shares as of <date>March 6, 2026</date>

Shares outstanding (anchor) 23,000,000 shares Issuer's outstanding Class A shares as of <date>March 6, 2026</date> per Form 10-K

Sole voting/dispositive power 1,975,000 shares Number of shares with sole voting and dispositive power reported

Filing signature date 05/15/2026 Signed by General Counsel and Head of Compliance

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, shares outstanding

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 1,975,000 (b) Percent of class: 8.6%"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 1,975,000"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

shares outstanding financial

"23,000,000 shares of the Class A ordinary shares ... outstanding as of March 6, 2026"

Shares outstanding are the total number of a company’s stock units held by all shareholders, including institutional investors and company insiders — think of them as the total number of slices of the company’s ownership pie. Investors use this number to calculate how much of the company each share represents, and it directly affects per-share measures like earnings per share, ownership percentage and valuation; when the slice count changes, an investor’s claim and the company’s per-share metrics change too.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Spring Valley Acquisition Corp. III

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G8377R101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G8377R101

1

Names of Reporting Persons

Merus Global Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,975,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,975,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,975,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Row 11: Calculated based on the 23,000,000 shares of the Class A ordinary shares, par value $0.0001 per share, of Spring Valley Acquisition Corp. III (the "Issuer") outstanding as of March 6, 2026, as reported by the Issuer in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Spring Valley Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 2100 MCKINNEY AVE. SUITE 1675, DALLAS, TX 75201
Item 2.
(a)	Name of person filing: Merus Global Investments, LLC
(b)	Address or principal business office or, if none, residence: 3 Park Ave, Suite 2900, New York, NY 10016
(c)	Citizenship: DE
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G8377R101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,975,000
(b)	Percent of class: 8.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,975,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,975,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Merus Global Investments, LLC

Signature:	/s/ Amrita M. Mahabaleswara
Name/Title:	Amrita M. Mahabaleswara, General Counsel and Head of Compliance
Date:	05/15/2026

FAQ

What stake does Merus Global report in Spring Valley Acquisition Corp. III (SVAC)?

Merus Global reports beneficial ownership of 1,975,000 shares, equal to 8.6% of Class A ordinary shares calculated from 23,000,000 shares outstanding as of March 6, 2026.

When was the ownership percentage calculation anchored for SVAC?

The 8.6% figure is calculated using the issuer's reported outstanding share count of 23,000,000 Class A shares as of March 6, 2026, per the issuer's Form 10-K.

Who certifies the Schedule 13G/A filing for Merus Global?

The amendment is signed by Amrita M. Mahabaleswara, General Counsel and Head of Compliance, with the signature date shown as 05/15/2026 in the provided excerpt.

Does the filing state Merus Global will sell or buy additional SVAC shares?

The excerpt reports current beneficial ownership and voting/dispositive power only; it does not specify any planned purchases, sales, or cash-flow treatment in the provided text.

What voting and dispositive powers does Merus Global report over the shares?

Merus Global reports sole power to vote and sole power to dispose of 1,975,000 shares, with no shared voting or dispositive power listed in the excerpt.