WASHINGTON, D.C. — A deal team consisting of Jon Talcott, Peter Strand, Mike Bradshaw, and Kaylen Loflin represented Cowen and Company, LLC, B. Riley Securities, Inc., and Canaccord Genuity LLC in a $150 million at-the-market (ATM) public offering of Class A common stock of NuScale Power Corporation (NYSE: SMR). NuScale Power Corporation is a Portland, Oregon-based advanced nuclear technology company that is developing a small modular nuclear reactor to generate steam for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.

An ATM program allows a public company to raise capital on an as-needed basis by periodically offering newly issued securities into the existing public trading market. ATM programs have become increasingly common and allow the issuer to maintain flexibility through discretion over the timing and price of sales while minimizing the market impact of such sales.

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