NuScale launches $750 million at-the-market equity program

NuScale Power entered a sales agreement on August 11 with UBS Securities, B. Riley Securities, Canaccord Genuity, Craig-Hallum, Texas Capital Securities and Tuohy Brothers to sell up to $750 million of Class A common stock over time through an at-the-market offering. NuScale controls sale volume, timing and minimum price, pays up to a 2% commission to the agents, and says net proceeds will fund general corporate purposes including working capital and capital expenditures as it scales its small modular reactor business.