10-K Filing

NUSCALE POWER CORP CIK: 1822966 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001104659-22-032501`
Period End Date	20211231
Filing Date	20220310
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	svsvu-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 11 Cash Flow Statement 36 Stockholders Equity 10

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$985.11K	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$101.19K	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$237.09K	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.09M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$232.30M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$232.32M	USD	Point-in-time
Total assets	`Assets`	$233.41M	USD	Point-in-time
Total assets	`Assets`	$234.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$305.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$40.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$345.02K	USD	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$29.15M	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
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$8.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.54M	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
Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 shares at redemption value of $10.10 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$232.30M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 shares at redemption value of $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
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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.44M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-36.44M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$234.45M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$233.41M	USD	Point-in-time

Income Statement 11 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`OperatingCostsAndExpenses`	$114.14K	USD	1 Quarter
General and administrative expenses	`OperatingCostsAndExpenses`	$1.33M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-114.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.33M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$12.11M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.51M	USD	Annual
Offering costs allocated to derivative warrant liabilities	`OfferingCostsAllocatedToDerivativeWarrantLiabilities`	$749.25K	USD	1 Quarter
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$18.96K	USD	Annual
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$1.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.20M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-12.97M	USD	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-12.97M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$3.20M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$12.11M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-4.51M	USD	Annual
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
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$18.96K	USD	Annual
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$1.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$237.09K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-135.90K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$305.02K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-896.23K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-346.23K	USD	1 Quarter
Cash deposited in 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`	$25.00K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$372.59K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$234.55M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-921.23K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.91M	USD	1 Quarter
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$985.11K	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$985.11K	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 10 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-36.44M	USD	Point-in-time
Accretion of Class A ordinary shares to redemption amount	`OrdinarySharesAccretionToRedemptionValue`	$-26.67M	USD	1 Quarter
Accretion of Class A ordinary shares to redemption amount	`OrdinarySharesAccretionToRedemptionValue`	$-25.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.20M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-12.97M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-36.44M	USD	Point-in-time

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