Form 4: Director Thompson Exits SVII Shares Post-Merger

Richard Thompson, a director of Spring Valley Acquisition Corp. II, disposed of 40,000 Class A ordinary shares in an automatic exchange related to a business combination with Eagle Nuclear Energy Corp.

Summary

• Richard James Thompson, a director of Spring Valley Acquisition Corp. II (SVII), reported a change in beneficial ownership.
• On February 24, 2026, Mr. Thompson disposed of 40,000 Class A ordinary shares of SVII.
• This disposition occurred as 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 pursuant to an Amended and Restated Agreement and Plan of Merger, dated September 29, 2025.
• Following this transaction, Mr. Thompson beneficially owns 0 Class A ordinary shares of Spring Valley Acquisition Corp. II.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a mandatory disclosure of an insider's share transaction resulting from a pre-announced and completed merger, rather than an independent strategic decision or performance update.

Positives

• The transaction signifies the successful consummation of the business combination between Spring Valley Acquisition Corp. II and Eagle Nuclear Energy Corp., providing clarity on the SPAC's future.

Negatives

• No direct negatives are apparent from this procedural filing, which reports a standard share exchange following a merger.

Risks

• The filing itself does not detail specific risks, but the underlying business combination with Eagle Nuclear Energy Corp. inherently carries integration risks, market risks for the new entity, and potential dilution for existing shareholders, though these are not elaborated upon in this Form 4.

Future Outlook

The filing indicates the consummation of a business combination, meaning Spring Valley Acquisition Corp. II has merged with Eagle Nuclear Energy Corp. The future outlook for the former SVII shareholders is now tied to the performance and strategic direction of the newly combined entity, 'New Eagle'.

Industry Context

StockSavvy.ai notes that this Form 4 filing is a standard procedural disclosure following the completion of a Special Purpose Acquisition Company (SPAC) business combination. The exchange of SPAC shares for shares in the target company (New Eagle) is a typical outcome once a de-SPAC transaction is finalized, marking the transition from a shell company to an operating entity.

Related Party Transactions

• The disposition of shares by a director of Spring Valley Acquisition Corp. II was part of an automatic exchange for shares of Eagle Nuclear Energy Corp. in connection with a business combination, effectively a transaction between the merging entities.

Stakeholder Impact

• Shareholders of Spring Valley Acquisition Corp. II are directly impacted as their Class A ordinary shares have been exchanged for common stock of Eagle Nuclear Energy Corp., fundamentally changing their investment vehicle.

Next Steps

• The primary next steps for former shareholders of Spring Valley Acquisition Corp. II involve understanding their new ownership in Eagle Nuclear Energy Corp. and monitoring the performance and disclosures of the combined entity.

Key Dates

Keywords

Spring Valley Acquisition Corp. II, SVII, Eagle Nuclear Energy Corp., New Eagle, Richard Thompson, Form 4, Insider Transaction, Merger, Business Combination, Share Exchange, SPAC