NUSCALE POWER Corp (SMR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 28.83% of current shares
Recent Dilution: 161.76% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
320M
Potential Supply
92M
Additional shares possible
Splits
None
Past 2 years

Summary

SMR currently has 320M outstanding shares. with moderate dilution risk from 92.2M authorized shares representing 28.8% potential dilution. The company has significantly diluted shareholders by 161.76% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 319.7M shares outstanding

320M 92M
Nov 06, 2025

10-Q filing | 167.7M shares outstanding

170M 92M
Aug 07, 2025

10-Q filing | 133.4M shares outstanding

130M 92M
Aug 01, 2025

8-K filing: NuScale Power Corporation entered into an Exchange and Lock-Up Agreement with Fluor Enterprises, Inc. regarding the exchange of Class B units into Class A common stock, with Fluor agreeing to a 30-day lock-up and limitations on sales.

130M 92M
May 12, 2025

10-Q filing | 127.7M shares outstanding

130M 92M
Mar 03, 2025

10-K filing | 128.2M shares outstanding

130M 92M
Nov 08, 2024

10-Q filing | 95.2M shares outstanding

95M 92M
Aug 09, 2024

10-Q filing | 89.6M shares outstanding

90M 92M
May 09, 2024

10-Q filing | 88.5M shares outstanding

89M 92M
Mar 15, 2024

10-K filing | 73.4M shares outstanding

73M 92M
Nov 09, 2023

10-Q filing | 74.8M shares outstanding

75M 92M
Aug 09, 2023

10-Q filing | 72.1M shares outstanding

72M 92M
Jun 01, 2023

S-3 filing: The company may issue up to $500,000,000 aggregate dollar amount of Class A Common Stock, preferred stock, debt securities, warrants or units of securities.

70M 92M
May 09, 2023

10-Q filing | 69.7M shares outstanding

70M 28M
Mar 20, 2023

POS AM filing: This prospectus relates to the issuance and resale of Class A Common Stock and Private Placement Warrants of NuScale Power Corporation.

70M 28M
Mar 16, 2023

10-K filing | 69.9M shares outstanding

70M 260M
Nov 14, 2022

10-Q filing | 51.9M shares outstanding

52M 260M
Aug 12, 2022

10-Q filing | 42.0M shares outstanding

42M 260M
Jun 14, 2022

S-1/A filing: This S-1/A filing registers (1) the issuance of up to 178,396,711 shares of Class A Common Stock upon exchange of Class B Units, (2) the issuance of up to 11,500,000 shares of Class A Common Stock upon exercise of Public Warrants, (3) the issuance of up to 8,900,000 shares of Class A Common Stock upon exercise of Private Placement Warrants and the resale of such shares, and (4) the resale of up to 23,700,002 shares of Class A Common Stock purchased by PIPE Investors and 5,514,933 shares of Class A Common Stock held by Spring Valley Founders and 8,900,000 Private Placement Warrants.

5.8M 260M
May 13, 2022

S-1 filing: This S-1 filing registers the issuance and resale of various securities including Class A Common Stock, warrants, and shares issued in private placements, related to the merger of Spring Valley Acquisition Corp and NuScale LLC.

5.8M 260M
Apr 29, 2022

10-Q filing | 5.8M shares outstanding

5.8M 28M
Apr 29, 2022

8-K filing: Shareholders of Spring Valley elected to redeem an aggregate of 8,599,631 Class A ordinary shares.

5.8M 28M
Apr 27, 2022

8-K filing: Spring Valley Acquisition Corp. shareholders elected to redeem an aggregate of 8,619,631 Class A ordinary shares, representing approximately 37.5% of the outstanding Class A ordinary shares.

5.8M 28M
Apr 06, 2022

8-K filing: Spring Valley Acquisition Corp. entered into an Additional Subscription Agreement with Nucor Corporation, where Nucor agreed to purchase 1,500,000 shares of Spring Valley Class A Common Stock for $15,000,000. ($236.0M proceeds)

5.8M 28M
Mar 30, 2022

8-K filing: Spring Valley entered into an additional subscription agreement with SailingStone for 1,000,000 shares of Class A Common Stock at $10.00 per share, resulting in gross proceeds of $10,000,000, increasing the total anticipated proceeds from the PIPE Investment to $221,000,000. ($10.0M proceeds)

5.8M 28M
Mar 10, 2022

10-K filing | 5.8M shares outstanding

5.8M 28M
Dec 14, 2021

8-K filing: Spring Valley Acquisition Corp. entered into a merger agreement with NuScale Power, LLC, and simultaneously entered into subscription agreements for a private placement of 21,300,002 shares of Spring Valley Common Stock for $211,000,000, contingent upon the merger's completion. ($211.0M proceeds)

5.8M 28M
Nov 08, 2021

10-Q filing | 5.8M shares outstanding

5.8M 28M
Aug 13, 2021

10-Q filing | 4.0M shares outstanding

4M 28M
May 21, 2021

10-Q filing | 23.0M shares outstanding

23M 28M
Mar 31, 2021

10-K filing | 23.0M shares outstanding

23M 28M
Mar 26, 2021

8-K filing: Spring Valley Acquisition Corp. entered into a merger agreement with Dream Holdings, Inc., where Dream Holdings will merge into a subsidiary of Spring Valley, with Spring Valley assuming convertible notes of Dream Holdings and converting them into shares of Spring Valley Common Stock at $9.00 per share, subject to certain conditions including stockholder approvals and regulatory filings. ($125.0M proceeds)

23M 28M
Jan 07, 2021

10-Q filing | 23.0M shares outstanding

23M 28M
Dec 03, 2020

8-K filing: Spring Valley Acquisition Corp. consummated an initial public offering of 23,000,000 units at $10.00 per unit and a private placement with Spring Valley Acquisition Sponsor, LLC of 8,900,000 private placement warrants at $1.00 per warrant, with net proceeds of $232,300,000 placed in a trust account. ($238.9M proceeds)

5.8M 28M
Nov 30, 2020

8-K filing: Spring Valley Acquisition Corp. consummated its IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and simultaneously consummated a private placement of 8,900,000 private placement warrants to Spring Valley Acquisition Sponsor, LLC at $1.00 per warrant, generating gross proceeds of $8,900,000. ($238.9M proceeds)

5.8M 28M
Nov 20, 2020

S-1/A filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, with a total proposed amount of $200,000,000.

5.8M 28M
Nov 19, 2020

S-1/A filing: Spring Valley Acquisition Corp. is offering 20,000,000 units at $10.00 per unit for a total of $200,000,000 in an initial public offering.

5.8M 28M
Oct 23, 2020

S-1/A filing: Spring Valley Acquisition Corp. is offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.

5.8M 26M
Oct 06, 2020

S-1/A filing: Spring Valley Acquisition Corp. is offering 25,000,000 units at $10.00 per unit for a total of $250,000,000 in an initial public offering, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

7.2M 32M
Sep 25, 2020

S-1 filing: Spring Valley Acquisition Corp. is offering 25,000,000 Units at $10.00 per unit, each unit consists of one Class A ordinary share and one-half of one redeemable warrant.

N/A 32M
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