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Spring Valley Acquisition Corp. (SVSVU)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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10.25+0.01 (+0.10%)
At close: 10:15AM EST
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  • F
    Finn
    What now?
  • j
    john
    OK lets try this again ( and I will go real slow so Stephen can understand )

    For well over 2 months now Institutions have held 88.82% of the issued stock and insiders have held 11.09% of the issued stock

    88.82% plus 11.09% = 99.91% of all the Spac issued stock

    Who then redeemed??????????????

    .09% x 25,000,000. shares or .0009 x 25,000,000 = 22,500 shares left

    so how can 22,500 x 10.10 per redemption or 227,250 dollars hold up a listing

    that's not even the printing and mailing charge for the prospectus vote

    So why the hold up????????????????????????????

    I think some very powerful additions towards this Co have developed

    1. Getting involved in Saudi Arabi through Abu Dhabi and opening up the largest research indoor facility yet known in the mega rich area of desert starving for just this method of farming

    2. Opening up several more new green houses in many diff states and locations

    3. Getting involved with breweries for sustainable hops crops on a constant dependable crop time after time

    4. Today as well increasing their own brand through Stop and Shop stores

    I think they are shaking the tree so they can steal as many shares as possible

    Just my feeling
  • v
    v
    Time for CEO to pull head out of clouds for a hair cut. Obviously his pie in the sky valuation isn’t what the market thinks what the company is worth.
  • N
    NoRiskNoReward
    According to the latest article, they are working on hard on getting finances in order to do the merger. Why else would they extend if the merger was going to fail?
  • A
    Anonymous
    Here is the thing. If it doesnt go through and your Cost average is less than $10 you get you $10 bucks per share back
  • m
    mastermind
    why did they ask for a vote if they weren't qualified to go through with it?
  • A
    Adam
    Terrible management
  • j
    john
    % of Institutional and insider holding of shares just passed 100%
  • m
    mastermind
    maybe when they do well enough from all their current and new vertical farms, they'll be able to merge with the money to be able to. A company that's not doing well relies on investors - a great company relies on themselves and pays investors.
  • j
    john
    I think these guys taking this stock public are a little bit armature.

    there is no rule that you have to offer a redemption....they ( in a very cocky manor included that..as if no one would ever consider bailing out )

    so if they didn't get cocky they would have closed and listed in August..

    Now they scramble??????????

    Lastly...with 99.9 % of the float held by Institutions or 88% of issuance and 11 % held by insiders..as these numbers are still in force....who bailed out?????

    The Institutional holders and inside holders all own over 99% of the issued stock still now to this day

    so who could have possibly bailed out in any substantial manor to create any shortage???

    I often wonder if they are shaking the tree and gobbling up any week handed held shares, after all they are now in bed with Saudi Arabia Abu Debi as well as some other major movements and involvements whih in my opinion show great progress

    So I have to wonder ?????????????
  • M
    Michael
    You get nothing back unless you sell for $10. Redemption period is over.
  • S
    SH
    no news..whats going on?
  • F
    Finn
    Will aero farms still go public via another vehicle?
  • j
    john
    I knew This Co has Gotten to good to let us pedestrians have it.....

    The have made enormous milestones since the deal began
  • N
    Nephalem
    No news yet on merger huh?
  • m
    mastermind
    I'm like, now what?
  • I
    IHopeSo
    As the deal with Aerofarms is terminated, can sv now re-release the shares that were redeemed as they hunt for a new merger?
  • N
    Nephalem
    Why the spike?? Any news?
  • m
    mastermind
    according to an article I found, they didn't have enough money to do the merger because too many stocks were sold when they allowed people to get out
  • m
    mastermind
    no brainer this'll go back past 10.40. I wanted to shout to the world when it was at 8 something, but no one was listening.