NuScale Power (SMR) Introduces $500M at-the-market Stock Offering Plan

NuScale Power Corporation (NYSE:SMR) is one of the best meme stocks. On August 13, NuScale reported that it has finalized a sales agreement with UBS Securities, TD Securities (USA), B. Riley Securities, Canaccord Genuity, and Tuohy Brothers Investment Research, marking the commencement of its at-the-market offering program.

The company can choose to sell shares of its Class A common stock worth up to $500 million. NuScale Power’s deal allows it to sell shares from time to time through the financial institutions named as sales agents. Its Class A common stock has a par value of $0.0001 per share and is listed on the New York Stock Exchange under the ticker SMR.

NuScale Power’s Form 8-K filing included a legal opinion from O’Melveny & Myers LLP confirming that the shares to be issued under the sales agreement are valid.

NuScale Power Corporation is an Oregon-based company that works on small modular reactor (SMR) technology.

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