NuScale Power Corporation announced the successful completion of its previously announced redemption of all outstanding warrants on December 19, 2024. Approximately 97% of the company's outstanding warrants were exercised by holders.
This exercise resulted in the issuance of 19,800,548 shares of Class A Common Stock and generated $227.7 million in cash proceeds for NuScale. All unexercised warrants were redeemed at a price of $0.01 per warrant, and no warrants remain outstanding.
The completion of this redemption significantly strengthens NuScale's liquidity position and simplifies its capital structure. The substantial cash infusion provides a stronger financial foundation as the company progresses towards the commercial deployment of its SMR technology.
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