10-Q Filing

NUSCALE POWER CORP CIK: 1822966 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001104659-22-053824`
Period End Date	20220331
Filing Date	20220429
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	svsvu-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 10 Cash Flow Statement 26 Stockholders Equity 11

Balance Sheet 44 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, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$576.57K	USD	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$985.11K	USD	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
Prepaid expenses	`PrepaidExpenseCurrent`	$73.39K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$101.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$649.96K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$232.32M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$232.34M	USD	Point-in-time
Total Assets	`Assets`	$232.99M	USD	Point-in-time
Total Assets	`Assets`	$233.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$305.02K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.95M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$40.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$345.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.06M	USD	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$39.98M	USD	Point-in-time
Derivative warrant liabilities	`WarrantLiabilitiesNonCurrent`	$29.15M	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`	$53.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.54M	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`	$-52.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.44M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-36.44M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-30.90M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-52.40M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$233.41M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$232.99M	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`OperatingCostsAndExpenses`	$299.06K	USD	1 Quarter
General and administrative expenses	`OperatingCostsAndExpenses`	$5.15M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-299.06K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.15M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$10.84M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-9.03M	USD	1 Quarter
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$5.73K	USD	1 Quarter
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$23.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.96M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.73M	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-15.96M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$8.73M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$10.84M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-9.03M	USD	1 Quarter
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$5.73K	USD	1 Quarter
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$23.39K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-65.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.80K	USD	1 Quarter
Related party receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$25.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTotal`	$-195.09K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$37.15K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-408.54K	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 used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-246.91K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-408.54K	USD	1 Quarter
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$576.57K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$985.11K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$576.57K	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$985.11K	USD	Point-in-time
Cash - ending of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-36.44M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-30.90M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-52.40M	USD	Point-in-time
Accretion of Class A Ordinary Shares to redemption value	`OrdinarySharesAccretionToRedemptionValue`	$-25.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.96M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.73M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-36.44M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-30.90M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-39.61M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-52.40M	USD	Point-in-time

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