SVSVU News

Spring Valley Acquisition, a blank check company formed by Pearl Energy Investment Management targeting the sustainability industry, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led by Chairman William Quinn, founder...read more

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and a few SPACs scheduled to raise at least $900 million. Russian e-commerce company Ozon Holdings (OZON) plans to raise $750 million at a $4.4 billion market cap. Backed by private equity firm Baring Vostok and Russian conglomerate Sistema, Ozon is a direct play on the...read more

2020’s SPAC mania is showing signs of fatigue. A record-shattering 168 blank check IPOs have raised $57 billion this year, more proceeds than the past 10 years combined. Another 64 SPACs are on file.  Yet in the past month, 14 SPACs have priced downsized...read more

Spring Valley Acquisition, a blank check company formed by Pearl Energy Investment Management targeting the sustainability industry, lowered the proposed deal size for its upcoming IPO on Friday. The Dallas, TX-based company now plans to raise $200 million by offering 20 million units at $10. The company had previously filed to offer 25 million units at the same...read more