SCHEDULE 13G/A: Samsung C&T Corporation Discloses Continued 5.0% Stake in NuScale Power Corp
Beneficial Ownership Report
Samsung C&T Corporation has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in NuScale Power Corp as of December 31, 2024.
Summary
- Samsung C&T Corporation, a corporation organized under the laws of the Republic of Korea, is the reporting person.
- As of December 31, 2024, Samsung C&T Corporation beneficially owns an aggregate of 5,185,804 shares of NuScale Power Corp's Class A Common Stock.
- This ownership represents 5.0% of the total outstanding Class A Common Stock of NuScale Power Corp.
- The beneficially owned shares consist of two components: 2,578,702 shares of Class B common stock paired with an equal number of Class B Units, which are exchangeable for Class A Common Stock on a one-for-one basis (or cash at the Issuer's election).
- Additionally, 2,607,102 shares of Class A Common Stock are held directly by Samsung C&T Corporation.
- Samsung C&T Corporation holds sole voting power and sole dispositive power over all 5,185,804 beneficially owned shares.
- The percentage ownership calculation is based on 101,097,113 shares of Class A Common Stock outstanding as of November 4, 2024, as reported in NuScale's Form 10-Q filed on November 8, 2024, plus the 2,578,702 shares of Class A Common Stock issuable upon exchange of Class B shares and units held by the Reporting Person.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of a significant beneficial ownership stake. The continued holding by Samsung C&T Corporation could be viewed as a moderately positive signal of confidence in NuScale Power Corp, but the document itself is purely factual and does not contain new operational or financial news from the issuer.
Positives
- A major international corporation, Samsung C&T Corporation, maintains a significant 5.0% beneficial ownership stake in NuScale Power Corp, potentially signaling continued confidence in the company's long-term prospects.
Future Outlook
NA
Industry Context
This filing reflects a significant investment by Samsung C&T Corporation, a major global conglomerate with interests spanning engineering, construction, and trading, into NuScale Power Corp, a leader in small modular reactor (SMR) technology. While the filing itself does not provide industry analysis, Samsung's continued stake suggests its strategic interest in the evolving energy sector, particularly in advanced nuclear solutions.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date as of which 101,097,113 shares of Class A Common Stock were reported outstanding in NuScale's Form 10-Q. |
| 11/08/2024 | Date NuScale Power Corp's Form 10-Q was filed, reporting outstanding Class A Common Stock. |
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end). |
| 02/14/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
NuScale Power Corp, Samsung C&T Corporation, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Investment
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