Spring Valley III (SVAC) sponsor reports 24.7% ownership filing
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Spring Valley Acquisition Corp. III received a Schedule 13G from its sponsor and an executive reporting a large ownership position. Spring Valley Acquisition III Sponsor, LLC holds 7,546,667 Class B ordinary shares, which equal 24.7% of the Class A ordinary shares on an as-converted basis.
The Class B shares convert into Class A shares on a one-for-one basis in connection with, or after, the company’s initial business combination, or earlier at the holder’s option, and have no expiration date. Managing member Christopher Sorrells may be deemed a beneficial owner through the sponsor but disclaims ownership beyond his pecuniary interest.
Positive
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Negative
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FAQ
What ownership stake in SVAC does the sponsor report on this Schedule 13G?
The sponsor reports beneficial ownership of 7,546,667 Class B ordinary shares, representing 24.7% of Spring Valley Acquisition Corp. III’s Class A shares on an as-converted basis. This percentage is calculated against 23,000,000 Class A shares outstanding as of November 12, 2025.
Who are the reporting persons in the SVAC Schedule 13G filing?
The filing is made on behalf of Spring Valley Acquisition III Sponsor, LLC and Christopher Sorrells. The sponsor directly holds the Class B shares, while Sorrells, as managing member with an economic interest, may be deemed a beneficial owner but disclaims ownership beyond his pecuniary interest.
What securities are covered in the SVAC Schedule 13G and how do they convert?
The filing covers Class B ordinary shares, par value $0.0001 per share, of Spring Valley Acquisition Corp. III. These Class B shares automatically convert into Class A shares on a one-for-one basis at or after the initial business combination, or earlier at the holder’s option, with no expiration date.
How was the 24.7% ownership percentage in SVAC calculated in this filing?
The 24.7% figure reflects the Class A shares issuable upon conversion of the 7,546,667 Class B shares compared with 23,000,000 Class A shares outstanding as of November 12, 2025. That outstanding share count comes from Spring Valley Acquisition Corp. III’s Form 10-Q filed November 13, 2025.