SV Stock: Why It Increased Today

By Amit Chowdhry ● Oct 14, 2021
  • The stock price of Spring Valley Acquisition Corp (NASDAQ: SV) increased by over 10% during intraday trading today. This is why it happened.

The stock price of Spring Valley Acquisition Corp (NASDAQ: SV) increased by over 10% during intraday trading today. Investors appear to be responding positively to

Dream Holdings (AeroFarms), a certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition, a publicly traded special purpose acquisition company (SPAC), announced today that both companies have mutually agreed to terminate their previously announced agreement and plan of merger, effective immediately. Neither party is going to be required to pay the other a termination fee as a result of the mutual decision to terminate the Business Combination Agreement.

Spring Valley plans to continue to pursue the consummation of an initial business combination prior to the dissolution deadline of May 27, 2022 (unless such date is extended in accordance with Spring Valley’s governing documents).

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