Spring Valley Acquisition Corp. IV (SVIV) is a blank-check special purpose acquisition company that raised capital through an initial public offering to identify and complete a merger or acquisition with a private operating business. The company generates income exclusively from interest earned on funds held in a Trust Account, which held $231,075,102 in U.S. Treasury Bills as of March 31, 2026. SVIV completed its IPO and placed $230,000,000 into the Trust Account following the offering, exercise of the over-allotment option in full, and sale of Private Placement Warrants. The company has no operating revenue, no products, and no customers in the conventional sense. Its sole activity is searching for a business combination target, referred to in its 10-Q (filed May 15, 2026) as the Proposed Business Combination. Christopher Sorrells serves as Chairman and Chief Executive Officer, and Jeff Schramm serves as Chief Financial Officer.

Revenue model

Interest income on Trust Account assets. For the three months ended March 31, 2026, interest earned on the Trust Account was $1,075,102, which constituted the entirety of other income. No operating revenue exists.

Products and services

No products or services. SVIV is a shell company formed to consummate a single business combination. It issued Class A ordinary shares and warrants, including 7,046,111 Private Placement Warrants sold at $0.90 per warrant for gross proceeds of $6,341,500 at IPO closing.

Customers and end markets

No customers or end markets. The company's counterparties are its shareholders and the eventual target of its Proposed Business Combination, which had not been completed as of the filing date of May 15, 2026.

Value-chain role

SPAC sponsor vehicle. Raises public capital via IPO, holds proceeds in a Trust Account invested in short-duration U.S. Treasury Bills, and deploys those funds upon completion of a qualifying business combination.

Geographic exposure

Incorporated as a Cayman Islands entity based on the Class A and Class B ordinary share structure disclosed in the 10-Q filed May 15, 2026. No operating geographic footprint.

Source: SEC 10-Q, filed 2026-05-15

Industry: Blank Checks