Form 4: Director Buzby Disposes SVII Shares in Merger

Spring Valley Acquisition Corp. II Director David S. Buzby disposed of 40,000 Class A ordinary shares as part of a business combination with Eagle Nuclear Energy Corp.

Summary

• David S. Buzby, a Director of Spring Valley Acquisition Corp. II (SVII), reported the disposition of 40,000 Class A ordinary shares.
• The transaction occurred on February 24, 2026.
• This disposition was an automatic exchange for shares of common stock of Eagle Nuclear Energy Corp. ("New Eagle").
• The exchange was in connection with the consummation of a business combination.
• The business combination was executed pursuant to an Amended and Restated Agreement and Plan of Merger, dated September 29, 2025.
• The parties to the merger agreement included New Eagle, Spring Valley Acquisition Corp. II, Eagle Energy Metals Corp., Spring Valley Merger Sub III, Inc., and Spring Valley Merger Sub II, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, mandatory disclosure of an insider transaction following a business combination, providing no direct positive or negative sentiment regarding the underlying companies' performance.

Future Outlook

The filing indicates the consummation of a business combination, resulting in the exchange of Spring Valley Acquisition Corp. II shares for shares of Eagle Nuclear Energy Corp. This marks the completion of the merger process for the reporting person's holdings.

Industry Context

StockSavvy.ai notes this Form 4 reflects the finalization of a SPAC (Special Purpose Acquisition Company) merger, a common mechanism for private companies to go public by combining with a listed shell company. The disposition of SVII shares and acquisition of New Eagle shares by an insider is a standard procedural step following such a combination, indicating the transition of ownership in the combined entity.

Stakeholder Impact

• Shareholders of Spring Valley Acquisition Corp. II (SVII) would have had their Class A ordinary shares automatically exchanged for common stock of Eagle Nuclear Energy Corp. ("New Eagle") as a result of the business combination.

Key Dates

Keywords

Form 4, insider transaction, beneficial ownership, Spring Valley Acquisition Corp. II, SVII, Eagle Nuclear Energy Corp., New Eagle, merger, business combination, SPAC, director, stock disposition