Eagle Nuclear Energy Corp.
Explores the Aurora uranium deposit in south-eastern Oregon and holds a licence to small modular reactor technology.
Power, grid and thermal infrastructure suppliersSpecialty materials and critical-minerals supply chainOil, Gas & Consumable Fuels ·Nasdaq: NUCL · merged with Spring Valley Acquisition Corp. II (SVII) · closed 24 Feb 2026, listed
Eagle Nuclear Energy went public on 24 February 2026 through its combination with Spring Valley Acquisition Corp. II, after redemptions at three extension votes and the closing vote had taken 98.2% of the public shares. It had $34.6 million in cash at closing, from the trust and a Series A convertible preferred PIPE, and for its fiscal year to 30 November 2025 it reported no revenue and a net loss of $5.3 million; it held $25.5 million of cash at 31 August 2026.
As announced, illustrative
- Pre-money equity value
- $206M7
- Pro forma equity value
- $312M8
- Pro forma enterprise value
- Not disclosed
- Capital committed, Series A Convertible Preferred Stock from a fundamental institutional investor, funded at closing (presentation says "up to $30M")
- $30M8
- Assuming
- Assumes 100% redemption on cash remaining in trust; excludes warrants, earnout shares and equity plan7
At closing
- Revenue, FY2025
- $0 (pre-revenue)1
- SPAC trust at IPO
- $236M2
- Trust cash kept at closing
- $4.9M4
- Financing funded at closing, PIPE (Series A convertible preferred stock with warrants)
- $29.7M4
- Cash at closing, before expenses
- $34.6M4
- Transaction costs, all parties
- $2.9M5
- Financing funded before closing (not in cash at closing), Common stock (sold to the PIPE investor)
- $300K5
- Committed, not funded at closing
- Not disclosed
- Equity value at closing, common shares at $10.00
- $296M6
- Preferred stock at closing, Series A Cumulative Convertible Preferred Stock, 29,700 shares, convertible at initial $11.88 per share (adjustable down to $5.00 floor), issued to PIPE investor Alyeska
- $29.7M4
- Warrants
- Public, private-placement and working-capital warrants: 20,922,133 at $11.50; PIPE warrants: 2,500,000 at $12.006
- Earn-out shares
- Contingent common shares for eligible former Eagle stockholders if common-stock VWAP equals or exceeds $16.00 for 20 trading days within 30 consecutive trading days before February 24, 2031, or upon a qualifying change of control during that period; not issued at closing6
Latest filings
This record is for informational purposes only. It is compiled from SEC filings and, for share prices, the named market-data provider, with the assistance of AI. Although checked against its sources, it may contain errors or omissions and has not been audited; where it differs from the original filings, the filings prevail. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Past performance does not indicate future results.