Spring Valley IV $200 Million SPAC IPO Makes it 8 for February. Piermont Valley Acquisition Sets Extension Vote.
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SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO: SPRING VALLEY ACQUISITION CORP. IV (SVIV)
Ticker: SVIV (Units: SVIVU)
Size: $200 Million
Sponsor: Spring Valley Acquisition Sponsor IV (Pearl Energy Investment Management)
Spring Valley Acquisition Corp. IV priced its $200 million initial public offering on February 9, 2026, and hits the Nasdaq today. This fourth vehicle from the Dallas-based Spring Valley team follows an exceptionally active 24-month run, solidifying their status as the “go-to” sponsor for the nuclear and energy transition sectors. The launch comes just weeks after Spring Valley III announced its $1 billion merger with General Fusion and as Spring Valley II moves toward closing its combination with Eagle Energy Metals. By maintaining a tight focus on the decarbonization “picks and shovels,” the sponsor is successfully navigating a market where generalist SPACs have largely retreated.
Strategy: The SPAC is targeting the Power Infrastructure and Decarbonization sectors. Management is zeroing in on businesses that support the global energy transition, specifically looking for targets with an equity value of $1 billion or more. Given the sponsor’s pedigree, investors should expect a search focused on advanced nuclear, grid stability, or large-scale carbon capture technologies.
Leadership Team:
- Christopher D. Sorrells (CEO & Chairman): A veteran energy investor and former Lead Director for Renewable Energy Group (acquired by Chevron). Sorrells has now shepherded four Spring Valley vehicles, including the successful NuScale Power (SMR) merger.
- Jeff Schramm (CFO): Previously the CFO of Lehigh Technologies and a seasoned executive in the industrial and clean-tech space, Schramm provides the operational oversight required for complex infrastructure deals.
Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-fourth (1/4) of one redeemable warrant. The 25% warrant coverage is a slight tightening from typical “struggling” SPAC structures, reflecting the sponsor’s strong track record and the current appetite for energy-transition equity. Cohen & Company Capital Markets acted as the lead book-runner.
NEW SPAC IPOs
Feb 10: SVIV – Spring Valley Acquisition Corp. IV $200M IPO
Feb 06: SSAC – Spacsphere Acquisition Corp. $150M IPO (+underwriter overallotment: $22.5M)
Feb 06: CAQ – Cambridge Acquisition Corp. $200M IPO
Feb 05: CEPS – Cantor Equity Partners VI, Inc. $100M IPO (+underwriter overallotment: $15M)
Feb 05: HCIC – Hennessy Capital Investment Corp. Viii $210M IPO (+underwriter overallotment: $31.5M)
Feb 04: CLBR – Colombier Acquisition Corp. III $260M IPO (+underwriter overallotment: $39M)
Feb 03: IRAB – Iris Acquisition Corp II $150M IPO (+underwriter overallotment: $18.5M)
Feb 02: WPAC – White Pearl Acquisition Corp $100M IPO (+underwriter overallotment: $15M)
DAILY SPAC UPDATE
SPAC DEAL & EXTENSION VOTES SET
CMCAF – PIERMONT VALLEY ACQUISITION CORP * EXTENSION VOTE SET: Mar 02, 2026 * trust $11.97
CCIX – CHURCHILL CAPITAL CORP IX * Vote Postponed
SPAC LIQUIDATIONS
AA Mission Acquisition Corp. (AAM)-> Liquidation on Feb 13
Cartica Acquisition Corp (CITE)-> Liquidation on Feb 07
SEPARATE WARRANTS/RIGHTS
Feb 09: LAUNCHPAD CADENZA ACQUISITION CORP I (LPCV)
Feb 09: CHURCHILL CAPITAL CORP XI (CCXI)
Feb 09: VINE HILL CAPITAL INVESTMENT CORP II (VHCP)
SPAC MOVERS
YESTERDAY’S TOP SPAC GAINERS
2.1% ~ $ 10.94 | TVA – TEXAS VENTURES ACQUISITION III CORP (Pre-Deal)
1.9% ~ $ 49.40 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
1.3% ~ $ 10.75 | SIMA – SIM ACQUISITION CORP I (Pre-Deal)
1.1% ~ $ 13.80 | PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP (Pre-Deal)
1.0% ~ $ 11.41 | CEPT – CANTOR EQUITY PARTNERS II INC (Announced)
YESTERDAY’S TOP SPAC LOSERS
-5.9% ~ $ 6.90 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
-5.7% ~ $ 11.00 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-5.4% ~ $ 10.03 | HSPT – HORIZON SPACE ACQUISITION II CORP (Announced)
-2.1% ~ $ 11.85 | BAYA – BAYVIEW ACQUISITION CORP (Announced)
-1.8% ~ $ 12.24 | OAKU – OAK WOODS ACQUISITION CORP (Announced)