Spring Valley Acquisition Corp. II

CIK:0001843477|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
General and administrative expenses	$ 701,281	$ 184,576	$ 1,017,784	$ 616,555
Loss from operations	(701,281)	(184,576)	(1,017,784)	(616,555)
Other Income (Expense):
Interest income on operating account	1,284	9,504	8,168	35,586
Income from investments held in Trust Account	272,584	2,131,750	809,385	6,448,228
Change in fair value of derivative liability	(3,005,221)		(3,735,371)
Total other (expense) income, net	(2,731,353)	2,141,254	(2,917,818)	6,483,814
Net (loss) income	$ (3,432,634)	$ 1,956,678	$ (3,935,602)	$ 5,867,259
Class A ordinary shares subject to possible redemption
Other Income (Expense):
Basic weighted average shares outstanding (in shares)	2,213,429	14,637,766	2,213,429	14,942,957
Diluted weighted average shares outstanding (in shares)	2,213,429	14,637,766	2,213,429	14,942,957
Basic net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26
Diluted net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26
Class A ordinary shares subject not to possible redemption
Other Income (Expense):
Basic weighted average shares outstanding (in shares)	7,666,666	7,666,666	7,666,666	6,967,153
Diluted weighted average shares outstanding (in shares)	7,666,666	7,666,666	7,666,666	6,967,153
Basic net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26
Diluted net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26
Class B ordinary shares
Other Income (Expense):
Basic weighted average shares outstanding (in shares)	1	1	1	699,514
Diluted weighted average shares outstanding (in shares)	1	1	1	699,514
Basic net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26
Diluted net (loss) income per share (in dollars per share)	$ (0.35)	$ 0.09	$ (0.4)	$ 0.26

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2025	Sep. 30, 2024
Cash Flows from Operating Activities:
Net (loss) income		$ (3,935,602)	$ 5,867,259
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Income from investments held in the Trust Account	$ (272,584)	(809,385)	(6,448,228)
Change in fair value of derivative liability	3,005,221	3,735,371
Changes in operating assets and liabilities:
Prepaid expenses		38,521	59,623
Accounts payable		(8,945)	(6,012)
Accrued expenses			14,400
Net cash used in operating activities		(980,040)	(512,958)
Cash Flows from Investing Activities:
Cash deposited in the trust account for the extension			(1,350,000)
Cash withdrawn from trust account for redemption of Class A ordinary shares			90,726,471
Net cash provided by investing activities			89,376,471
Cash Flows from Financing Activities:
Proceeds from promissory note to related party-extension			1,350,000
Advance from sponsor		550,000
Redemption of Class A ordinary shares			(90,726,471)
Net cash provided by (used in) financing activities		550,000	(89,376,471)
Net change in cash		(430,040)	(512,958)
Cash - beginning of the period		495,352	1,240,671
Cash - end of the period	$ 65,312	65,312	$ 727,713
Supplemental Disclosure of Cash Flow Information
Sponsor contributed capital for the forgiveness of accrued expenses		$ 120,000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash	$ 65,312	$ 495,352
Prepaid expenses	22,840	61,361
Total current assets	88,152	556,713
Non-current assets:
Cash and investments held in Trust Account	26,363,469	25,554,084
Total non-current assets	26,363,469	25,554,084
Total Assets	26,451,621	26,110,797
Current liabilities:
Accounts payable	79,823	$ 88,768
Advance from sponsor	$ 550,000
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Accrued expenses		$ 120,000
Extension promissory notes - related party	$ 1,500,000	$ 1,500,000
Notes Payable, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total current liabilities	$ 2,129,823	$ 1,708,768
Non-redemption agreements derivative liability	3,735,371
Total Liabilities	5,865,194	1,708,768
Commitments and Contingencies
Shareholders' Deficit:
Preference shares, $0.0001 par value 1,000,000 shares authorized none issued and outstanding as of September 30, 2025 and December 31,2024, respectively
Accumulated deficit	(5,777,809)	(1,152,822)
Total shareholders' deficit	(5,777,042)	(1,152,055)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	26,451,621	26,110,797
Class A ordinary shares subject to possible redemption
Current liabilities:
Class A ordinary shares, $0.0001 par value; 300,000,000 shares authorized; 2,213,429 and 2,213,429 shares subject to possible redemption at $11.91 and $11.55 per share as of September 30, 2025 and December 31,2024, respectively	26,363,469	25,554,084
Class A ordinary shares subject not to possible redemption
Shareholders' Deficit:
Ordinary shares	$ 767	$ 767