NEW YORK – Aug. 1, 2025 – Greenberg Traurig, LLP advised Spring Valley Acquisition Corp. II (SVII), a special purpose acquisition company, on the signing of a definitive merger agreement with Eagle Energy Metals Corp. (Eagle), a next-generation nuclear energy company with rights to the largest mineable, measured, and indicated uranium deposit in the United States and proprietary Small Modular Reactor (SMR) technology. Upon closing, the proposed business combination will result in Eagle becoming the first domestic uranium resource exploration company with SMR technology to go public on a U.S. exchange.
Led by Chairman and CEO Chris Sorrells and CFO Robert Kaplan who contribute over 40 years of combined investing and advising experience, SVII team’s first SPAC transaction was a successful partnership with NuScale Power (NYSE: SMR), resulting in the first publicly traded company focused on SMR technology, which is currently trading over $50 per share.
The proposed business combination implies a pro-forma combined equity value of $312 million, excluding additional earnout consideration. A fundamental investor has committed to invest approximately $30 million in the form of Series A convertible preferred stock, funded at the closing. Eagle expects to use the net proceeds from the transaction for general corporate purposes, mining advancement and SMR technology phase 1 development.
The proposed business combination is expected to be completed in late 2025, subject to customary closing conditions, including regulatory and stockholder approvals. There is no minimum cash condition to close the transaction. The combined public company is expected to be named “Eagle Nuclear Energy Corp.” and to list its common stock and warrants to purchase common stock on Nasdaq, subject to satisfaction of Nasdaq’s listing requirements. The transaction has been unanimously approved by the board of directors of Eagle and the board of directors of SVII.
The multioffice Greenberg Traurig team was led by Vice Chair Alan I. Annex, Shareholders Adam S. Namoury in the Corporate Practice in New York and Jason T. Simon in the Corporate Practice in Northern Virginia, Associates Divya Seth in the Corporate Practice in New York, Yoojin Lee in the Corporate Practice in New York, Yangyang Jia in the Corporate Practice in Northern Virginia and Law Clerk/JD Regina Furer in the Corporate Practice in New York.
Other Greenberg Traurig team members included Shareholder James Maynor in the Tax Practice in Northern Virginia, Shareholder Mindy B. Leathe in the Employee Benefits Practice in Miami, Shareholder Keshia M. Tiemann in the Labor & Employment Practice in Atlanta, Associate Megan Eckel in the Labor & Employment Practice in Atlanta, Shareholder Christopher J. Neumann in the Environmental Practice in Denver, Shareholder David M. Greenberg in the Intellectual Property & Technology Practice in New York, Associate Sukhdeep S. Gill in the Intellectual Property & Technology Practice in Philadelphia, Shareholder David Edington in the Real Estate Practice in Las Vegas, Shareholder Jim Mace in the Real Estate Practice in Las Vegas, Shareholder Giuliano Apadula in the Environmental Practice in Philadelphia, and Associate Korede Sotubo in the Corporate Practice in New York.