Spring Valley Acquisition Corp III (SVAC) is a blank-check special purpose acquisition company that was incorporated to identify and complete a merger or acquisition with a target business in its stated focus industries. The company does not generate operating revenue. It raises capital through an initial public offering, holds proceeds in a trust account, and delivers returns to shareholders upon closing a business combination. SVAC was incorporated on March 12, 2025, and its initial public offering closed on September 3, 2025, at which point the Sponsor and independent directors invested an aggregate of $3,766,500, comprising $25,000 for founder shares and $3,741,500 for private placement warrants, per the 10-K filed March 6, 2026. The management team cites over 100 cumulative years of deal experience as its primary sourcing advantage. SVAC must complete an initial business combination within 24 months of its IPO closing or return trust funds to public shareholders.
- Revenue model
- SVAC generates no operating revenue. As a SPAC, its economic model depends entirely on identifying and closing a business combination. Up to $1,500,000 in sponsor working capital loans may be converted into warrants at $0.90 per unit at the lender's option, per the 10-K filed March 6, 2026.
- Products and services
- SVAC offers no commercial products or services. Its sole activity is sourcing, evaluating, and executing an initial business combination with a target company in its designated focus industries, as described in the 10-K filed March 6, 2026.
- Customers and end markets
- SVAC's capital providers are public shareholders and the Sponsor. The company targets acquisition opportunities in its stated focus industries, sourced through the management team's corporate and industry networks, per the 10-K filed March 6, 2026.
- Value-chain role
- SVAC functions as a publicly listed acquisition vehicle. It pools public and sponsor capital into a trust account, then deploys that capital to acquire a private operating business, transferring public market access to the target upon deal close.
Source: SEC 10-K, filed 2026-03-06
Industry:
Electric Services
