NuScale Power Corp Announces $750M At-the-Market Equity Offering

What Happened
NuScale Power Corporation announced on August 11, 2026 that it entered into a Sales Agreement with UBS Securities LLC, B. Riley Securities, Inc., Canaccord Genuity LLC, Craig‑Hallum Capital Group, TCBI Securities (Texas Capital Securities) and Tuohy Brothers to establish an at‑the‑market (ATM) program to offer and sell up to $750,000,000 of its Class A common stock. Under the agreement the company will control the timing, amount and minimum price limits for sales; the sales agents may sell shares on the New York Stock Exchange or other trading markets as an ATM offering. The company filed a prospectus supplement dated August 11, 2026 and will issue shares under its Form S-3ASR registration statement (File No. 333-289467), which became effective upon filing on August 11, 2025 pursuant to Rule 462(e).

Key Details

• Date of agreement: August 11, 2026.
• Maximum offering size: up to $750,000,000 of Class A common stock.
• Sales agents: UBS, B. Riley, Canaccord, Craig‑Hallum, TCBI (Texas Capital Securities) and Tuohy Brothers.
• Agent commission: up to 2.0% of gross proceeds on shares sold through the agents.
• Registration/prospectus: Shares offered under Form S-3ASR (File No. 333-289467); prospectus supplement filed Aug 11, 2026.
• Termination: program ends when shares are sold or the agreement is otherwise terminated per its terms.

Why It Matters
This ATM program gives NuScale flexibility to raise capital over time by selling shares at prevailing market prices rather than through a single big offering. That can be a faster, more market‑driven way to raise funds, but it can also dilute existing shareholders if material amounts are sold. The company did not specify any immediate sale amounts or the use of proceeds in this 8‑K, so investors should watch future filings and trading updates for notices of actual share sales, amounts raised and intended uses of proceeds.