Spring Valley Acquisition Corp. IV completed an initial public offering that closed on February 11, 2026, raising $230 million before fees and expenses. The special-purpose acquisition company offered a total of 23 million units at $10 per unit, a figure that includes 3 million units issued following the full exercise of the underwriters' overallotment option.
The units began trading on the Nasdaq Global Market on February 10, 2026 under the ticker SVIVU. Each unit comprises one Class A ordinary share and one-fourth of a redeemable public warrant. Those warrants grant holders the right to acquire Class A ordinary shares at a price of $11.50 per share.
When the company separates the bundled units into their component securities for individual trading, the Class A ordinary shares and the warrants are expected to trade on Nasdaq under the symbols SVIV and SVIVW, respectively.
Cohen & Company Capital Markets served as lead book-running manager for the offering, with Clear Street LLC functioning as joint book-runner. The company's registration statement was declared effective on January 30, 2026.
Spring Valley Acquisition Corp. IV was established to pursue one or more business combinations, which may include mergers, share exchanges, asset acquisitions, share purchases, reorganizations or other similar transactions. As of the offering's close, the company had not identified a target for any potential transaction.
Context and structure of the offering
The offering structure distributed equity exposure alongside public warrants, allowing investors a combination of immediate share ownership and optional future upside through warrant exercise at $11.50 per share. The issuance included the maximum number of additional units covered by the underwriters' overallotment option, accounting for the 3 million-unit portion of the 23 million total.
Governance of the public float
The lead and joint book-runners named on the deal were Cohen & Company Capital Markets and Clear Street LLC. The effective registration date for the offering was January 30, 2026, which preceded the start of trading for the bundled units.
Planned corporate purpose
The company is a blank-check vehicle formed specifically to seek out mergers and acquisitions or similar transactions. At the time of the IPO's completion, Spring Valley Acquisition Corp. IV had not announced any target companies or definitive transaction plans.