10-K/A Filing

NUSCALE POWER CORP CIK: 1822966 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001104659-21-152116`
Period End Date	20201231
Filing Date	20211221
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	svsvu-20210930x10ka_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 21 Income Statement 6 Cash Flow Statement 22 Stockholders Equity 7

Balance Sheet 21 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Preference shares, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$237.09K	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments held in trust account	`AssetsHeldInTrustNoncurrent`	$232.30M	USD	Point-in-time
Total assets	`Assets`	$234.45M	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$49.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.93K	USD	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$33.66M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$8.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.76M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares Subject to Redemption, 23,000,000 shares at $10.10 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$232.30M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.62M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$234.45M	USD	Point-in-time

Income Statement 6 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$114.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-114.14K	USD	1 Quarter
Change in fair value of Derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$12.11M	USD	1 Quarter
Offering costs allocated to derivative warrant liabilities	`OfferingCostsAllocatedToDerivativeWarrantLiabilities`	$749.25K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$1.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.97M	USD	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-12.97M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$12.11M	USD	1 Quarter
Offering costs allocated to derivative warrant liabilities	`OfferingCostsAllocatedToDerivativeWarrantLiabilities`	$749.25K	USD	1 Quarter
Payment of formation costs through issuance of Class B ordinary shares	`NoncashMergerRelatedCosts`	$5.00K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$1.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$237.09K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-346.23K	USD	1 Quarter
Investment of cash into Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$232.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-232.30M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid and reimbursements	`NetProceedsFromInitialPublicOffering`	$226.15M	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$8.90M	USD	1 Quarter
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$124.83K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$372.59K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$234.55M	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.91M	USD	1 Quarter
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Warrant liabilities in connection with initial public offering	`WarrantLiabilitiesInConnectionWithInitialPublicOfferingAndPrivatePlacement`	$22.53M	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$8.05M	USD	1 Quarter
Accrued offering costs	`OfferingCostIncludedInAccountsPayableAccruedExpenses`	$49.93K	USD	1 Quarter
Offering costs paid by Sponsor in exchange for Founder Shares	`OfferingCostsPaidByFounder`	$20.00K	USD	1 Quarter
Offering costs paid directly through Note payable	`NotesIssued1`	$124.83K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Accretion of Class A Ordinary Shares to redemption value	`OrdinarySharesAccretionToRedemptionValue`	$-26.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.97M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time

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