Nachrichten November 27, 2020

Spring Valley Acquisition Corp.’s $230 Million IPO

Shearman & Sterling advised Cowen and Company, LLC and Wells Fargo Securities, LLC as book-running managers and Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC as co-managers on the initial public offering of Spring Valley Acquisition Corp., a special-purpose acquisition company, of 23 million units at an offering price of $10.00 per unit, which includes the exercise in full by the underwriters of their option to purchase up to an additional 3 million units, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

Spring Valley Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by CEO and Director Christopher Sorrells, Director of Renewable Energy Group, Inc. and former Managing Director and Operating Partner of NGP Energy Technology Partners, and Chairman and Director William Quinn, Managing Partner of Pearl Energy Investment Management, LLC and a former Partner at Natural Gas Partners.

The Team