10-Q Filing

NUSCALE POWER CORP CIK: 1822966 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-070433`
Period End Date	20210331
Filing Date	20210521
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	svsvu-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 5 Cash Flow Statement 15 Stockholders Equity 6

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Related party receivable	`DueFromRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$172.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$237.09K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Investments held in trust account	`AssetsHeldInTrustNoncurrent`	$232.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments held in trust account	`AssetsHeldInTrustNoncurrent`	$232.30M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$234.45M	USD	Point-in-time
Total assets	`Assets`	$234.16M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$87.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.08K	USD	Point-in-time
Warrant liability	`WarrantLiabilitiesNonCurrent`	$33.66M	USD	Point-in-time
Warrant liability	`WarrantLiabilitiesNonCurrent`	$24.63M	USD	Point-in-time
Deferred Underwriting Fee Payable	`DeferredUnderwritingCommissionNoncurrent`	$8.05M	USD	Point-in-time
Deferred Underwriting Fee Payable	`DeferredUnderwritingCommissionNoncurrent`	$8.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.76M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares Subject to Redemption, 19,445,063 and 18,582,720 shares at $10.10 at March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$196.40M	USD	Point-in-time
Class A Ordinary Shares Subject to Redemption, 19,445,063 and 18,582,720 shares at $10.10 at March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$187.69M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 stocks authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 stocks authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$17.97M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$9.24M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.24M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-12.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$234.16M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$234.45M	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$299.06K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-299.06K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-9.03M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$5.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.73M	USD	1 Quarter

Cash Flow Statement 15 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$8.73M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-9.03M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$5.73K	USD	1 Quarter
Related party receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$25.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$37.15K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-65.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-221.91K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-246.91K	USD	1 Quarter
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	$-8.73M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`ChangeInValueCommonSharesAmount`	$8.73M	USD	1 Quarter
Net gain	`NetIncomeLoss`	$8.73M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.