10-Q Filing

NUSCALE POWER CORP CIK: 1822966 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-104432`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	svsvu-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 13 Cash Flow Statement 17 Stockholders Equity 11

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$237.09K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$171.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.49M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments held in trust account	`AssetsHeldInTrustNoncurrent`	$232.31M	USD	Point-in-time
Investments held in trust account	`AssetsHeldInTrustNoncurrent`	$232.30M	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 assets	`Assets`	$233.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$234.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.93K	USD	Point-in-time
Deferred Underwriting Fee Payable	`DeferredUnderwritingCommissionNoncurrent`	$8.05M	USD	Point-in-time
Temporary Equity, Shares oustanding	`TemporaryEquitySharesOutstanding`	19.01M	shares	Point-in-time
Temporary Equity, Shares oustanding	`TemporaryEquitySharesOutstanding`	18.58M	shares	Point-in-time
Deferred Underwriting Fee Payable	`DeferredUnderwritingCommissionNoncurrent`	$8.05M	USD	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$28.69M	USD	Point-in-time
Temporary Equity, Shares Issued	`TemporaryEquitySharesIssued`	18.58M	shares	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$33.66M	USD	Point-in-time
Temporary Equity, Shares Issued	`TemporaryEquitySharesIssued`	19.01M	shares	Point-in-time
Total liabilities	`Liabilities`	$36.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.76M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares subject to possible redemption, 19,006,134 and 18,582,720 shares issued and outstanding as of June 30, 2021 and December 31, 2020 shares at redemption value as of June 30, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$191.96M	USD	Point-in-time
Ordinary shares subject to possible redemption, 19,006,134 and 18,582,720 shares issued and outstanding as of June 30, 2021 and December 31, 2020 shares at redemption value as of June 30, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$187.69M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$17.97M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$13.67M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.67M	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 shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$233.80M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$234.45M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$384.98K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$684.04K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-384.98K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-684.04K	USD	2 Qtrs
Gain on investments, dividends and interest, held in Trust Account	`InvestmentIncomeInterest`	$11.52K	USD	2 Qtrs
Gain on investments, dividends and interest, held in Trust Account	`InvestmentIncomeInterest`	$5.79K	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.97M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$4.05M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.43M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.30M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$8.73M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.30M	USD	2 Qtrs

Cash Flow Statement 17 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.30M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.97M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$4.05M	USD	1 Quarter
Gain on marketable securities (net), dividends and interest, held in Trust Account	`InvestmentIncomeInterest`	$11.52K	USD	2 Qtrs
Gain on marketable securities (net), dividends and interest, held in Trust Account	`InvestmentIncomeInterest`	$5.79K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-65.90K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.44K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$32.35K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-564.35K	USD	2 Qtrs
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$25.00K	USD	2 Qtrs
Net cash used in by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-589.35K	USD	2 Qtrs
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32M	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	$4.28M	USD	2 Qtrs

Stockholders Equity 11 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
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`ChangeInValueCommonSharesAmount`	$-4.43M	USD	1 Quarter
Change in value of ordinary shares subject to possible redemption	`ChangeInValueCommonSharesAmount`	$8.73M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.73M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.30M	USD	2 Qtrs
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
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.