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Spring Valley Acquisition Corp. IV has successfully completed its IPO, raising substantial capital of $230 million plus additional proceeds from Private Placement Warrants. The company holds these funds in a Trust Account invested primarily in U.S. government securities, generating interest income that contributed to net income in the first quarter of 2026. The company’s strong liquidity position and administrative support agreements provide a foundation for pursuing a Business Combination. The broad discretion over the use of proceeds allows management flexibility in selecting a target business across industries and geographies.[S1]

The company has not commenced operations and has no operating revenues, relying solely on interest income from Trust Account investments. The success of the company depends entirely on identifying and completing a Business Combination, which carries execution risk and uncertainty. The company’s shareholders’ deficit reflects accretion and expenses related to the SPAC structure. There is also risk related to the timing and terms of any Business Combination, potential dilution from warrants and Working Capital Loans, and the typical risks associated with emerging growth companies and SPACs.[S1]

As a blank check company, Spring Valley Acquisition Corp. IV does not currently have operating assets, products, or services that create a competitive moat. Its value proposition depends on its ability to identify and complete a Business Combination with a target company. The company’s moat, if any, will be determined by the strategic merits and competitive advantages of the target business it acquires in the future. Currently, the company’s moat is limited to its capital raised through the IPO and the rights and warrants issued to investors and sponsors, which are typical of SPAC structures.[S1]

• Business Combination Execution Risk: The company has not yet identified a target for its Business Combination. Failure to complete a Business Combination within the prescribed timeframe could result in liquidation and loss of investment.
• Emerging Growth Company Risks: As an early-stage and emerging growth company, it is subject to risks including limited operating history, regulatory compliance challenges, and market volatility.
• Liquidity and Capital Deployment Risks: While the company has substantial funds in a Trust Account, the timing and effectiveness of deploying these funds in a Business Combination are uncertain.
• Dilution Risk: The issuance of warrants, Private Placement Warrants, and potential conversion of Working Capital Loans into warrants may dilute existing shareholders' interests.

• Spring Valley Acquisition Corp. IV is a Cayman Islands exempted company incorporated on October 9, 2025.
• The company is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination (Business Combination).
• The company is not limited to any particular industry or geographic region for its Business Combination.
• As of March 31, 2026, the company had not commenced any operations and has no operating revenues.
• The company completed its Initial Public Offering (IPO) on February 11, 2026, issuing 23,000,000 units at $10.00 per unit, including full exercise of the underwriters' over-allotment option, generating gross proceeds of $230 million.
• Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant; each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share.
• The company also sold 7,046,111 Private Placement Warrants to the Sponsor and underwriters, generating gross proceeds of $6.34 million.
• The company holds investments in a Trust Account totaling approximately $231.1 million as of March 31, 2026, primarily U.S. government securities.
• Cash and cash equivalents were $1.08 million as of March 31, 2026, with total current assets of approximately $1.16 million and current liabilities of $162,233, resulting in a strong current ratio of 7.15.
• The company reported net income of $890,303 for the three months ended March 31, 2026, primarily from interest income on investments held in the Trust Account.
• Formation, general and administrative costs for the quarter were $184,799, resulting in a loss from operations.
• The company is classified as an emerging growth company and has elected to use the extended transition period for complying with new or revised financial accounting standards.
• The company has a deferred underwriting fee payable of $9.2 million as of March 31, 2026.
• The company has a shareholders' deficit of approximately $8.09 million as of March 31, 2026, primarily due to accretion of Class A ordinary shares to redemption amount.
• The company has a single reportable segment and management reviews financial metrics for the company as a whole.
• The company has an administrative services agreement with its Sponsor for office space and administrative support, incurring $45,000 in fees for the quarter.
• The company may obtain Working Capital Loans from the Sponsor or affiliates to finance transaction costs related to a Business Combination, which may be convertible into warrants.
• The company is subject to risks typical of early-stage and emerging growth companies, including the uncertainty of completing a Business Combination.