04:26 AM EDT, 09/04/2025 (MT Newswires) -- Spring Valley Acquisition III said Thursday it has priced its initial public offering of 20 million units at $10 per unit.
The blank-check company also granted underwriters a 45-day option to purchase up to 3 million additional units.
The units are expected to be listed for trading this Thursday on Nasdaq under the ticker symbol, "SVACU." Each unit consists of one class A ordinary share and one-third of a redeemable warrant. Each whole warrant will entitle the holder to purchase a share at $11.50.
Once the securities begin separate trading, the company said it expects that its shares and warrants will be listed on the Nasdaq under the symbols "SVAC" and "SVACW," respectively.
The offering is expected to close on Friday.