[8-K] NuScale Power Corporation Reports Material Event
NuScale Power Corporation announced an at-the-market offering program under a Sales Agreement that permits the company to offer and sell shares of its Class A common stock with an aggregate offering price of up to $500,000,000. The program allows sales "from time to time at its sole discretion" through five named sales agents: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC and Tuohy Brothers Investment Research, Inc.
The filing also discloses that counsel O鈥橫elveny & Myers LLP issued an opinion regarding the validity of the Shares and that that opinion and the firm's consent are included as exhibits to the report. Exhibits listed include the counsel opinion and consent and an interactive cover page data file.
NuScale Power Corporation ha annunciato un programma di offerta "at-the-market" ai sensi di un Sales Agreement che consente alla societ脿 di offrire e vendere azioni della sua Class A common stock con un prezzo complessivo di offerta fino a $500,000,000. Il programma permette vendite "di volta in volta a sua esclusiva discrezione" tramite cinque agenti di vendita nominati: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC e Tuohy Brothers Investment Research, Inc.
La documentazione rivela inoltre che lo studio legale O鈥橫elveny & Myers LLP ha rilasciato un parere sulla validit脿 delle azioni e che tale parere e il consenso dello studio sono inclusi come esibizioni nel rapporto. Tra le esibizioni elencate figurano il parere e il consenso legale e un file di dati con pagina di copertina interattiva.
NuScale Power Corporation anunci贸 un programa de colocaci贸n "at-the-market" bajo un Sales Agreement que permite a la compa帽铆a ofrecer y vender acciones de su Class A common stock por un importe total de oferta de hasta $500,000,000. El programa autoriza ventas "de vez en cuando a su exclusiva discreci贸n" a trav茅s de cinco agentes de ventas nombrados: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC y Tuohy Brothers Investment Research, Inc.
La presentaci贸n tambi茅n revela que el despacho O鈥橫elveny & Myers LLP emiti贸 una opini贸n sobre la validez de las Acciones y que esa opini贸n y el consentimiento de la firma est谩n incluidos como anexos del informe. Entre los anexos se enumeran la opini贸n y el consentimiento del asesor legal y un archivo de datos de portada interactiva.
NuScale Power Corporation鞚� Sales Agreement鞐� 霐半ジ at-the-market(鞁滌灔臧�) 瓿惦 頂勲攴鸽灗鞚� 氚滍憸頄堨溂氅�, 鞚措ゼ 韱淀暣 須岇偓電� Class A common stock鞚� 頃╆硠 斓滊寑 $500,000,000 攴滊搿� 鞝滌嫓路毵り皝頃� 靾� 鞛堨姷雼堧嫟. 鞚� 頂勲攴鸽灗鞚� 雼れ劘 氇呾潣 歆�鞝� 韺愲Г雽�毽澑鞚� UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC 氚� Tuohy Brothers Investment Research, Inc.毳� 韱淀暣 "靾橃嫓搿� 須岇偓鞚� 雼弲 鞛焿鞙茧" 毵れ稖鞚� 項堨毄頃╇媹雼�.
鞁犼碃靹滌棎電� 霕愴暅 氩曤鞛愲靷� O鈥橫elveny & Myers LLP臧� 欤检嫕鞚� 鞙犿毃靹膘棎 甏�頃� 鞚橁铂鞚� 響滊獏頄堨溂氅�, 攴� 鞚橁铂瓿� 須岇偓鞚� 霃欖潣靹滉皜 氤搓碃靹滌潣 鞝勳嫓氍茧 韽暔霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 旮办灛霅� 鞝勳嫓氍检棎電� 氩曤鞚橁铂 氚� 霃欖潣靹滌檧 鞚疙劙霝欗嫲敫� 響滌 雿办澊韯� 韺岇澕鞚� 韽暔霅╇媹雼�.
NuScale Power Corporation a annonc茅 un programme d'offre "at-the-market" dans le cadre d'un Sales Agreement permettant 脿 la soci茅t茅 d'offrir et de vendre des actions de sa Class A common stock pour un montant total d'offre allant jusqu'脿 $500,000,000. Le programme autorise des ventes "de temps 脿 autre, 脿 sa seule discr茅tion" par l'interm茅diaire de cinq agents de vente d茅sign茅s : UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC et Tuohy Brothers Investment Research, Inc.
Le d茅p么t r茅v猫le 茅galement que le cabinet d'avocats O鈥橫elveny & Myers LLP a 茅mis un avis concernant la validit茅 des Actions et que cet avis ainsi que le consentement du cabinet sont inclus en tant que pi猫ces jointes au rapport. Les pi猫ces list茅es comprennent l'avis et le consentement de l'avocat ainsi qu'un fichier de donn茅es de couverture interactif.
Die NuScale Power Corporation gab ein At-the-Market-Angebotsprogramm im Rahmen eines Sales Agreement bekannt, das es dem Unternehmen erm枚glicht, Aktien seiner Class A common stock mit einem Gesamtangebotsvolumen von bis zu $500,000,000 anzubieten und zu ver盲u脽ern. Das Programm erlaubt Verk盲ufe "von Zeit zu Zeit nach alleinigem Ermessen" 眉ber f眉nf benannte Verkaufsagenten: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC und Tuohy Brothers Investment Research, Inc.
Die Einreichung gibt au脽erdem an, dass die Rechtskanzlei O鈥橫elveny & Myers LLP eine Stellungnahme zur G眉ltigkeit der Aktien abgegeben hat und dass diese Stellungnahme sowie die Einwilligung der Kanzlei als Anlagen des Berichts beigef眉gt sind. Zu den aufgelisteten Anlagen geh枚ren die Rechtsmeinung und die Zustimmung sowie eine interaktive Titelseitendatendatei.
- Authorization of an at-the-market program up to $500,000,000 provides clear financing capacity
- Flexible execution: company may sell shares "from time to time at its sole discretion"
- Multiple established broker-dealers engaged (UBS, TD Cowen, B. Riley, Canaccord, Tuohy Brothers)
- Legal opinion and consent from O鈥橫elveny & Myers LLP filed as exhibits
- Potential dilution to existing shareholders if and when shares are sold under the program
- No disclosure of use of proceeds in the filing, leaving investors without clarity on funding plans
- No pricing or sales cadence details provided, so market impact and timing are uncertain
Insights
TL;DR: NuScale set up a flexible $500M ATM program with major dealers, expanding its ability to access equity markets.
The Sales Agreement establishes an at-the-market program enabling the company to sell up to $500,000,000 of Class A common stock through several recognized broker-dealers. For capital markets, this creates a ready channel to raise equity periodically at market prices, providing financing flexibility without a fixed follow-on offering. Key considerations for investors include potential supply overhang and dilution depending on volume sold and timing. The filing includes counsel's legal opinion and the brokers' engagement, but does not disclose pricing mechanics, planned issuance cadence, or use of proceeds.
TL;DR: The agreement is a standard capital-markets tool that increases financing options but raises governance questions on timing and shareholder impact.
From a governance perspective, the company may issue shares "from time to time at its sole discretion," which centralizes execution decisions with management and the engaged agents. The participation of multiple underwriters and a legal opinion from O鈥橫elveny & Myers LLP indicates procedural thoroughness. Material omissions for investors include any stated limits on sales cadence, explicit anti-dilution protections, or designated use of proceeds. Overall, the arrangement is material but routine; implications depend on subsequent issuance activity.
NuScale Power Corporation ha annunciato un programma di offerta "at-the-market" ai sensi di un Sales Agreement che consente alla societ脿 di offrire e vendere azioni della sua Class A common stock con un prezzo complessivo di offerta fino a $500,000,000. Il programma permette vendite "di volta in volta a sua esclusiva discrezione" tramite cinque agenti di vendita nominati: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC e Tuohy Brothers Investment Research, Inc.
La documentazione rivela inoltre che lo studio legale O鈥橫elveny & Myers LLP ha rilasciato un parere sulla validit脿 delle azioni e che tale parere e il consenso dello studio sono inclusi come esibizioni nel rapporto. Tra le esibizioni elencate figurano il parere e il consenso legale e un file di dati con pagina di copertina interattiva.
NuScale Power Corporation anunci贸 un programa de colocaci贸n "at-the-market" bajo un Sales Agreement que permite a la compa帽铆a ofrecer y vender acciones de su Class A common stock por un importe total de oferta de hasta $500,000,000. El programa autoriza ventas "de vez en cuando a su exclusiva discreci贸n" a trav茅s de cinco agentes de ventas nombrados: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC y Tuohy Brothers Investment Research, Inc.
La presentaci贸n tambi茅n revela que el despacho O鈥橫elveny & Myers LLP emiti贸 una opini贸n sobre la validez de las Acciones y que esa opini贸n y el consentimiento de la firma est谩n incluidos como anexos del informe. Entre los anexos se enumeran la opini贸n y el consentimiento del asesor legal y un archivo de datos de portada interactiva.
NuScale Power Corporation鞚� Sales Agreement鞐� 霐半ジ at-the-market(鞁滌灔臧�) 瓿惦 頂勲攴鸽灗鞚� 氚滍憸頄堨溂氅�, 鞚措ゼ 韱淀暣 須岇偓電� Class A common stock鞚� 頃╆硠 斓滊寑 $500,000,000 攴滊搿� 鞝滌嫓路毵り皝頃� 靾� 鞛堨姷雼堧嫟. 鞚� 頂勲攴鸽灗鞚� 雼れ劘 氇呾潣 歆�鞝� 韺愲Г雽�毽澑鞚� UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC 氚� Tuohy Brothers Investment Research, Inc.毳� 韱淀暣 "靾橃嫓搿� 須岇偓鞚� 雼弲 鞛焿鞙茧" 毵れ稖鞚� 項堨毄頃╇媹雼�.
鞁犼碃靹滌棎電� 霕愴暅 氩曤鞛愲靷� O鈥橫elveny & Myers LLP臧� 欤检嫕鞚� 鞙犿毃靹膘棎 甏�頃� 鞚橁铂鞚� 響滊獏頄堨溂氅�, 攴� 鞚橁铂瓿� 須岇偓鞚� 霃欖潣靹滉皜 氤搓碃靹滌潣 鞝勳嫓氍茧 韽暔霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 旮办灛霅� 鞝勳嫓氍检棎電� 氩曤鞚橁铂 氚� 霃欖潣靹滌檧 鞚疙劙霝欗嫲敫� 響滌 雿办澊韯� 韺岇澕鞚� 韽暔霅╇媹雼�.
NuScale Power Corporation a annonc茅 un programme d'offre "at-the-market" dans le cadre d'un Sales Agreement permettant 脿 la soci茅t茅 d'offrir et de vendre des actions de sa Class A common stock pour un montant total d'offre allant jusqu'脿 $500,000,000. Le programme autorise des ventes "de temps 脿 autre, 脿 sa seule discr茅tion" par l'interm茅diaire de cinq agents de vente d茅sign茅s : UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC et Tuohy Brothers Investment Research, Inc.
Le d茅p么t r茅v猫le 茅galement que le cabinet d'avocats O鈥橫elveny & Myers LLP a 茅mis un avis concernant la validit茅 des Actions et que cet avis ainsi que le consentement du cabinet sont inclus en tant que pi猫ces jointes au rapport. Les pi猫ces list茅es comprennent l'avis et le consentement de l'avocat ainsi qu'un fichier de donn茅es de couverture interactif.
Die NuScale Power Corporation gab ein At-the-Market-Angebotsprogramm im Rahmen eines Sales Agreement bekannt, das es dem Unternehmen erm枚glicht, Aktien seiner Class A common stock mit einem Gesamtangebotsvolumen von bis zu $500,000,000 anzubieten und zu ver盲u脽ern. Das Programm erlaubt Verk盲ufe "von Zeit zu Zeit nach alleinigem Ermessen" 眉ber f眉nf benannte Verkaufsagenten: UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC und Tuohy Brothers Investment Research, Inc.
Die Einreichung gibt au脽erdem an, dass die Rechtskanzlei O鈥橫elveny & Myers LLP eine Stellungnahme zur G眉ltigkeit der Aktien abgegeben hat und dass diese Stellungnahme sowie die Einwilligung der Kanzlei als Anlagen des Berichts beigef眉gt sind. Zu den aufgelisteten Anlagen geh枚ren die Rechtsmeinung und die Zustimmung sowie eine interaktive Titelseitendatendatei.
FAQ
What did NuScale (SMR) announce in this 8-K?
Which firms will act as sales agents for the SMR ATM program?
Does the filing specify how NuScale will use proceeds from the ATM offering?
Are there legal opinions or exhibits included with the 8-K for SMR?
Will NuScale be required to sell shares under a set schedule?
