Nachrichten October 17, 2022

Spring Valley Acquisition II’s $230 Million IPO

Shearman & Sterling advised the underwriters on the initial public offering of Spring Valley Acquisition II, a special purpose acquisition company, of 23.0 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share, one right to receive one-tenth of one Class A ordinary share and one-half of one redeemable warrant.

Spring Valley Acquisition II 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. While the company may pursue an initial business combination target in any business or industry, the company intends to target companies in the sustainability industry, including renewable energy, resource optimization, environmental services, and grid infrastructure, which complement the backgrounds of the company’s management team. The company is led by its Chief Executive Officer and Chairman, Chris Sorrells, and Chief Financial Officer, Rob Kaplan.

The Team